Tax Guru9d
Good and Services Tax Act
The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. In other ...
Tax Guru23h
Whether GST Registration Mandatory for Persons Making Export of Services?
Section 24 (i) specifically mandates compulsory registration by a person making inter- state taxable supply. The term or phrase ‘’inter- state taxable supply’’ makes it ample clear that if the ...
MOD’s GST case next hearing on March 24, Rs 100 crore tax dispute could set precedent
The Bombay High Court’s decision on Mad Over Donuts' tax classification case could clarify GST treatment for restaurant and ...
Investopedia19d
What Is Sales Tax? Definition, Examples, and How It's Calculated
Investopedia / Julie Bang A sales tax is a consumption tax imposed by the government on the sale of goods and services. A conventional sales tax is levied at the point of sale (POS), which is ...
Rochester Business Journal3d
Tariffs and small business: Turning challenge into opportunity | Viewpoint
A tariff is a tax levied on imported goods when they enter the country. When the United States government imposes tariffs, ...
Goods and Services Tax rates to be reduced further: FM Nirmala Sitharaman
FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, ...
'Shonky shifting': Queensland's anger as winners and losers of GST carve-up revealed
GST 'carve up' sees billions in tax dollars allocated to states and territories based on their relative need and ability to ...