The Goods and Services Tax (GST), introduced in 2017, has been good intention undone by poor implementation. How can it be reformed?

Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax ...

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and ...

Parliament Budget Session 2025, New Income Tax Bill 2025 Live Updates: The Finance Ministry has repeatedly said that the objective of the new Income Tax bill is to simplify the tax system but will it ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

In re Webel Support Multipurpose Service Cooperate Society Limited (GST AAR West Bengal) West Bengal Authority for Advance Ruling (AAR) examined whether the supply of manpower ser ...

A Tax Invoice is a legal document issued by a registered supplier under GST. Rule 46 of the CGST and SGST Rules lays down the key details that must be included in a Tax Invoice excluding these special ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

Finance Minister Nirmala Sitharaman discusses GST rate rationalisation, aiming to simplify rates for essential goods. She ...

The reason? This quintessential tea-time companion, lacks an HSN (Harmonised System of Nomenclature) code, and in the ...