India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance. While it promises real-time tracking, experts caution about transition ...

If they cut corporate tax they’d have to increase GST.” New Zealand Initiative chief economist Eric Crampton said reducing the corporate tax rate had the potential to improve economic growth, but it ...

CNG two-wheelers currently attract 28% GST, which the heavy industries wants to be reduced to an ‘appropriate level’. This indirect tax system has grown far too complex. A GST regime with ...

This template is perfect for businesses that need to charge and track taxes. It includes fields for tax rates and automatically calculates the total tax amount. A proforma invoice is a preliminary ...

Time is running out to take advantage of Canada’s GST/HST break as the three-month tax holiday winds later down this week. Parents of young children may wish to stock up on diapers or purchase toys, ...

GST new guidelines: The Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines for GST related raids. According to the latest guidelines issued on January 13, GST officers ...

New Zealand Prime Minister Christopher Luxon said the government is considering changes to tax settings in this year’s budget, including the corporate tax rate. Asked Tuesday if the government ...

A tax invoice is a crucial document issued by a registered supplier under GST regulations. As per Rule 46 of the CGST and SGST Rules, it must include specific details to ensure transparency and ...

BENGALURU: Following reports suggesting a possible revision of Goods and Services Tax (GST) rates for the garment and textile sector, the Karnataka Hosiery and Garment Association (KHAGA ...

Chairman & MD, BajajCapital. The current Goods and Services Tax (GST) rate of 18% on insurance premiums is a major barrier, particularly for low-income groups. High premiums, compounded by GST ...

The exemption is the gift and estate tax lifetime exemption. The GST Tax Exemption GSTs still serve as tools for high-net-worth individuals to transfer wealth at a lower tax rate even with the ...

In an exclusive session at the India Today-Business Today Budget Round Table 2025, Finance Minister Nirmala Sitharaman has indicated at big changes in the Goods & Services Tax (GST) regime in the ...