Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

The issue of the taxability of intra-group supplies in the context of a VAT group has been of concern to taxpayers for many years. The starting ...

The new VAT law introduces several key changes including the scope of taxable transactions, clarification of "deemed sales", non-taxable items, ...

The enacted legislation, which introduces a suite of new indirect taxes, was ‘highly awaited’ but presents major concerns, ...

The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...

ICICI Bank report predicts 8.3% growth in indirect tax collection for FY26, with focus on GST and corporate tax.

The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to ...

Government of India has not conducted an assessment of the impact of the Insolvency and Bankruptcy Code (IBC) on tax revenue loss. Under Section 53 of the IBC, government dues, including indirect ...

India’s total tax arrears amount to ₹42.64 lakh crore, with ₹41.63 lakh crore in direct tax arrears and ₹1.01 lakh crore in indirect tax arrears. To recover these dues, the Central Board of Direct ...

The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to ...

KUALA LUMPUR: Malaysia needs tax reforms to raise additional revenues for reducing inequality, according to the World Bank.

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 ...