Living in one of the five states with no sales tax may seem appealing because you won’t have to pay tax when shopping for ...

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 ...

Section 24 (i) specifically mandates compulsory registration by a person making inter- state taxable supply. The term or ...

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 ...

In influencer marketing, this guideline allows influencers to exclude low-cost products or services from their income if ...

The idea of a value-added tax (VAT) is a foreign concept to most ... VAT is applied to most goods and services but if you're planning on international travel, there's a good chance you can get ...

The Bombay High Court’s decision on Mad Over Donuts' tax classification case could clarify GST treatment for restaurant and ...

FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, ...

“However, e-invoicing has been implemented in many countries to complement the goods and services tax (GST) or value added tax. “It allows output tax and input tax to be matched, thus removing ...

Tax on goods and services will dominate the government’s revenue for 2025, and it will be more than 50 percent of the total tax revenue estimated, according to the budget presented in Parliament.