This indirect tax system has grown far too complex. A GST regime with uniform rates—based on clear statistical data—within every broad category would enhance fairness, reduce litigation and also ...

The downtime hindered operations, including access to historical data and the ability to respond to official notices.

As Budget 2025 is set to be revealed, the stakeholders in Indian commercial real estate expect some reforms in the GST ...

Act, 1956 came into force on January 5, 1957, while CST rate was 1% originally and was increased to 2% and then to 3% and 4% (with effect from July 1, 1975), according to the Department of Revenue.

Currently, hybrid vehicles face a high tax rate of 28 per cent which is much higher as compared to EVs. It is expected that a ...

The National Board of Revenue (NBR) went ahead with its bid to hike value-added tax (VAT) and supplementary duty (SD) on ...

Tax hikes on essential items such as medicines, LPG, and mobile phone SIM cards are implemented immediately after the ...

Congress criticises GST as a tool for looting the public, demands end to "tax terrorism" in upcoming Union Budget.

In addition, the price for medium-level cigarettes has risen from Tk 70 to 80, with the supplementary duty increased from ...

Additionally, the deadline for the October-December 2024 quarter has also been adjusted, with varying due dates for different ...

The recent decisions of the interim government—tax hikes and the suspension of the TCB truck sale programme—clearly reflect ...

You’ll likely pay VAT (value added tax) most days without being very aware of it, as the tax is added to most products and services, charged by businesses large and small, as we ...