Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

GST exemption also makes vouchers more appealing to consumers, who can redeem them without the worry of extra taxes, potentially increasing footfall in both physical stores and online platforms ...

Finance Minister Nirmala Sitharaman Tuesday said the GST Council is working on rationalising rate slabs under the Goods and ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Individual incomes have been growing slower than inflation in India, leading to sharp slump in consumption. Reduction in GST, ...

In November, the States directed P&R to develop a package known as ‘GST-plus’ – which includes 5% GST and reductions in income tax and social security contributions – to be introduced from the start ...

Finance Minister Nirmala Sitharaman on 11th February informed the Rajya Sabha that indirect tax under the Goods and Services ...

In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...

Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

Implementing a goods and services tax (GST) in Guernsey has been delayed by six months, until July 2027 at the earliest.

Tariff’ has staked an early claim to the title of 2025 Word of the Year. Highly relevant and commonly misunderstood – as all ...