Need to simplify goods and services tax, reduce cess: Ex-CEA Subramanian
India's GST regime is very complicated and there is a need to simplify this biggest indirect tax reform introduced in 2017, ...
GST rates must be increased to boost revenue kitty, need for compensation will go down, says former CEA
The Goods and Services Tax Council must consider raising rates of the indirect tax levy, which would help improve tax ...
‘Tax holiday’ bill up for House of Commons vote. What to expect
The legislation, which was tabled on Wednesday, calls for a two-month break on the goods and services tax or harmonized sales ...
Tax Guru7h
Kerala High Court Addresses GST Input Tax Credit Misclassification
The Kerala High Court recently adjudicated a case concerning the misclassification of GST Input Tax Credit (ITC) in the matter of Rejimon Padickapparambil Alex vs Union of India. The case revolved ...
GST e-invoicing: GSTN releases list of 5 approved mobile apps for fast verification of GST invoices, easy input tax credit claim
New advisory by GSTN in respect of availability of five official apps for e-invoice verification. Experts say that these apps ...
Tax Guru34m
Procedure for Relief from Demand under Section 16(4) of CGST
Summary: The recent amendment to Section 16 of the CGST Act introduces provisions for claiming Input Tax Credit (ITC) for taxpayers who faced demand due to non-compliance with Section 16 (4). Sections ...
GST holiday will be a ‘nightmare’ say small business owners
Small business owners say the federal government's plan for a two-month GST holiday will not only be a huge headache but will ...
Petroleum ministry recommends GST on natural gas
It has not yet been decided whether it will be part of the agenda of the GST Council’s next meeting scheduled in December ...
Tempo23h
Understanding Value Added Tax (VAT) and How It Works
VAT serves as a prominent tax system in several countries. But, what is a VAT? Here's a brief explanation of the taxing ...
HMRC issues £1,000 warning and says earning over that amount means potential tax return
A new online guide has been published to help people understand when they need to fill in a self-assessment tax return ...
HMRC issues £1,000 tax warning to everyone making money on the side
The new guidance covers a vast range of side hustles - and HMRC will be getting information from the likes of eBay, Vinted ...
The Guardian Nigeria19h
Tinubu’s controversial tax bills get Senate’s approval for second reading
He reminded his colleagues that the discussion was still on the general principles of the bills, with the specifics to be addressed during ...