No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI ...
Tax Guru10h
GST Order Invalid if officer Relies on Another State’s Proceedings for Tax Determination
Vs. Union of India, set aside a GST order issued under Section 73 of the CGST Act, 2017. The petitioner challenged the order ...
Narendra Modi government to introduce tracking ID on goods to check GST evasion
The proposed amendment, under Section 148A of the CGST Act, would empower authorities to monitor the movement of specified ...
The big tax Americans don't pay — and what we give up in exchange
Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.
Budget 2025: Mobile retailers seek tax cuts, easier loans and lower MDR
The All India Mobile Retailers Association, which represents 1.50 lakh retailers, says these measures will improve ...
Yahoo Finance29d
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 goods and services tax in India has been rolled over into the new year.