No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal ...
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Online goods and services could see more sales tax under governor’s plan
lawmakers are considering updating the state’s sales tax collection to include digital goods and services. It is part of a broader plan to expand the sales tax base to pay off the lost revenue ...
The big tax Americans don't pay — and what we give up in exchange
Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.
Tax Guru8h
GST Order Invalid if officer Relies on Another State’s Proceedings for Tax Determination
Vs. Union of India, set aside a GST order issued under Section 73 of the CGST Act, 2017. The petitioner challenged the order ...
Narendra Modi government to introduce tracking ID on goods to check GST evasion
The proposed amendment, under Section 148A of the CGST Act, would empower authorities to monitor the movement of specified ...
Budget 2025: Mobile retailers seek tax cuts, easier loans and lower MDR
The All India Mobile Retailers Association, which represents 1.50 lakh retailers, says these measures will improve ...
The Financial Express12h
Budget 2025 Expectations: FM expected to use indirect tax as key to maintain balance between growth and fiscal discipline
The upcoming budget presents a crucial opportunity to refine indirect tax policies, boost revenue generation, and foster ...