India's goods and services tax council, chaired by the federal finance minister, will meet on September 3-4 to discuss ...

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...

Over the last two days, GoM meetings have signalled consensus among states and the Centre on advancing Prime Minister ...

Indian Prime Minister Narendra Modi will likely face tough negotiations with states, who are expected to shoulder the bulk of ...

No recovery of outstanding GST ( Goods and Services Tax ) demand could be made once a taxpayer deposited the statutory pre-deposit under Section 112(8) of the CGST Act and filed an undertaking to ...

India expects consumption tax cuts announced by Prime Minister Narendra Modi will give a boost to the economy without hurting ...

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

For example, in Louisiana, state sales taxes are typically assessed at 4.65% on goods and services; however, some items such as food, prescriptions, and utilities aren’t taxable.

Under Centre’s proposed plans, government wants to reduce the current rate structure to just two slabs of 5 percent and 18 percent, removing 12 percent and 28 percent rate tiers.

India's federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates ...

The potential tax restructuring, if approved, would involve scrapping two existing GST slabs and modifying rates for both ...