What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
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Why a Goods and Services Tax Hike Would Shake Up India's Apparel Sector
Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the ...
Map Shows 9 States Where Income Tax Is Cut For 2025
The number of U.S. states which have introduced a flat individual income tax rate has grown significantly in recent years. In ...
Massive new Trump tariffs are looming. Here’s how these import ‘taxes’ work and who pays for them
New tariffs are likely coming in Trump’s second term. While companies owe these import taxes, consumers usually foot the bill ...
Tax Guru14d
Delhi Goods and Services Tax (Amendment) Act, 2024
Legislative Assembly of the National Capital Territory of Delhi and assented to by the Lt. Governor, introduces key changes ...
Deccan Herald3d
Union Budget 2025 | FAQs: What is indirect tax?
Indirect taxes are imposed on goods and services and paid by consumers indirectly at the time of buying goods and services.
Reuters16d
India collects $20.66 bln in goods and services tax in December
NEW DELHI, Jan 1 (Reuters) - India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period last year, the government said on Wednesday.
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India's tax panel rejects airlines' call to add aviation fuel to GST regime
NEW DELHI, Dec 21 (Reuters) - An Indian government panel has rejected an airline industry proposal for aviation fuel to be brought under the unified Goods and Services Tax (GST), the finance ...
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Interim government imposes higher taxes, duties amid inflation on essential goods, services
Tax hikes on essential items such as medicines, LPG, and mobile phone SIM cards are implemented immediately after the ...