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.

The final Value Added Tax (VAT) rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026.

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

Flipkart and Amazon are in discussions with brands regarding the potential impact of the proposed GST reduction on demand.

Changes Louisiana lawmakers made to state tax policy last fall will reduce the overall burden on most households by ...

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

The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax.

A Good and Simple Tax that's "simpler, more transparent" and which will "help us in curbing black money and corruption and ...

There is a fine line between political populism and fiscal prudence, if not in tax collections, then in the idea of taxation itself ...

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

For a business required to register for VAT, the effective date of registration (EDR) is determined by law, not by choice. However, if a ...

By Dr. John Maccarthy & Prof. John AMOH Businesses worldwide seek to reduce costs and protect profits, with taxes representing one of their largest expenses. It is therefore natural for companies to ...