The Central Board of Indirect Taxes and Customs (CBIC) has verified reports of scammers sending bogus GST summons, some of ...
Currently, electric vehicles (EVs) benefit from a reduced GST rate of 5 per cent to promote adoption. However, key components such as lithium-ion batteries are taxed at 18%, creating a financial ...
As the central government gears up to tout the Union Budget 2025 on February 1, all eyes are on what Union Finance Minister ...
A social media rumor claims that selling a used car will incur an 18% GST on the loss margin, following a GST Council ...
CNG two-wheelers are a sunrise sector, as a little over 38,000 such vehicles were sold in the country in 2024, per data from ...
The GST department has filed three FIRs against firm owners for issuing fake bills to evade taxes, leading to significant ...
The Canada Revenue Agency (CRA) has officially confirmed that Registered Clinical Counsellors (RCCs) in BC are now exempt ...
For her, the three major areas the government needs to focus on are taxation, R&D incentives, and public-private partnerships ...
Finance Minister Nirmala Sitharaman to present her 8th consecutive budget. Key updates on fiscal deficit, GDP growth, tax ...
The scam had been taking place for the last eight years in Bengaluru and Mumbai.
The CBIC also clarified that this GST exemption is limited to payment settlement function only, which involves handling of ...
The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...