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 ...
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 ...
Tax Guru18h
Gujarat AAAR Rejects Tax Exemption Appeal of Data Processing Forms
Gujarat Appellate Authority for Advance Ruling (AAAR) has upheld the Gujarat Authority for Advance Ruling’s (GAAR) decision ...
One arrested for availing fake input tax credit of ₹227 crore
CGST Commissionerate arrests person for ₹227 crore fake input tax credit fraud, passed on credit to own units.
Tax Guru3d
GST Clarifications on Penal Charges, Exemptions & GST on certain Services
2. Applicability of GST on penal charges being levied by the Regulated Entities (REs) in view of RBI instructions dated 18.08 ...
What Middle Class' Tax Burden Tells Us About the State of Indian Taxation System
As the Union Budget 2025 approaches, debates over tax reforms have reignited frustrations among the middle class about the ...
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 ...
The Financial Express17h
Budget 2025 Expectations: FM expected to use indirect tax as key to maintain balance between growth and fiscal discipline
The upcoming budget presents a crucial opportunity to refine indirect tax policies, boost revenue generation, and foster ...
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.
Business Daily Africa3dOpinion
Treasury should roll out non-fiscal incentives to manage tax expenditure
The national government could focus on non-fiscal measures and incentives, working together with county governments.
CBIC Confirms No GST Applicability on Penal Charges Imposed by Banks and NBFCs
The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...
Budget 2025: What is sin tax? Will cigarettes, alcohol get costlier?
The sin tax is the most talked about among consumers. All eyes will be on Union Finance Minister Nirmala Sitharaman as she presents her eighth consecutive budget tomorrow. But what is this tax?