Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

Also, while just 32 million taxpayers are the beneficiaries of the I-T concessions, reduction in GST rates is bound to impact almost the entire population. It would also help keep inflation in check ...

The Union Budget 2025-26 offers tax relief for India's middle class, signalling a potential consumption revival. However, ...

The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...

State Tax Officer, the Orissa High Court addressed the challenge against the cancellation of GST registration under the Odisha Goods and Services Tax Act, 2017. The petitioner contested the show cause ...

According to a recent exchange filing, IndiGo’s parent firm, InterGlobe Aviation, has received demand orders for goods and services tax (GST) of ₹116 crore. The airline is challenging these rulings in ...

Is the tax bonanza really as big a game-changer as some pundits are claiming it to be? GST cut would have impacted us right at the point of consumption. Here's a breakdown of budget 2025 tax breaks to ...

Tariffs on Canadian lumber, drywall from China and Canada, and pressed steel and aluminum from China challenged homebuilders ...

It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...

Fed’s hawkish stance and potential reduction in rate cuts for 2025 have unsettled markets. Read more on market expectations, ...

A head of India’s budget on February 1st, Narendra Modi asked Lakshmi, the Hindu goddess of wealth, to bless the poor and the ...