Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the ...

July 2025 marks eight years of GST - India's biggest tax reform - streamlining compliance, improving transparency, and ...

Gross GST collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from ...

Tata Steel faces a show cause-cum-demand notice from tax authorities regarding alleged irregular availment of input tax ...

Economists are calling for the Government to mark the 25th anniversary of the GST by embarking on bold and ambitious reform ...

The GST Council clarified that it has simplified the tax rate and recommended unifying and prescribing a single rate of GST on sale of all old and used vehicles including EVs at 18%.

The 18 per cent GST would not be applicable if an individual sells old and used car to another individual. If a GST registered person has claimed depreciation, the tax is payable only on the value ...

An icon in the shape of a lightning bolt. Impact Link. Save Saved Read in app ... The value of the trust at formation is subject to GST, which is a 40% flat tax above the exemption.

An economist has praised Prime Minister Anwar Ibrahim’s restraint amid calls for the goods and services tax (GST) to be reintroduced, saying it is not suitable in the current economic climate ...

Say No To Popcorn-Like GST Rationalisation It classified popcorn into three different tax slabs, attracting varying degrees of taxation: salted and spicy popcorn at 5%, pre-packed and labeled ...

GST tax holiday not best way to help those in need: experts. The two-month tax break could go unnoticed by many shoppers, says a VIU professor. Michael John Lo Dec 14, 2024 2:00 AM.

Generation-skipping transfer tax rates have risen and fallen over the years with a high of 55% in 2001 and 2011, and a low of 0% in 2010 due to a complete exemption awarded by the 2010 Tax Relief Act.