Failure to comply with GST rules can have severe consequences. If a landlord evades tax, wrongly avails of input tax credit, or wrongly claims a refund exceeding ₹ 5 crore, they could face up to ...

The Goods and Services Tax (GST) Council is considering reducing tax rates on certain items to stimulate consumption while balancing revenue needs, Mint reported, citing sources familiar with the ...

The GST is a broad-based consumption tax of 10%. It applies to most goods and services that are consumed in Australia, regardless of their origin. An import tariff – sometimes called an import ...

SINGAPORE: Singaporeans' concerns over the rising cost of living go "far beyond" the Goods and Services Tax (GST), said Prime Minister Lawrence Wong on Monday (Mar 3) as he reiterated the reasons ...

Sitharaman said that the ministerial group set up by the GST Council has done excellent work, which is in final stages now and that the minister would take one more look at the proposals and take ...

"It was really nice to save an extra bit of money," she told CBC News. The two-month GST/Harmonized Sales Tax (HST) exemption, which began on Dec. 14, was promoted as a way to ease cost-of-living ...

Investopedia / Michela Buttignol A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren.

The government has reached a deal with commercial banks to borrow Rs1.25 trillion at less than 11% interest rate as part of its three-pronged strategy to eliminate the threat of circular debt to ...

For detailed guidance on implementing these provisions, refer to GST Circular No. 237/31/2024, issued on October 15, 2024. This circular provides clarity on handling past ITC claims and outlines the ...

[1] Introduction of (GST) goods & services tax is regarded as the most revolutionary action taken in India taxation history’s is the single comprehensive indirect tax on supply of goods & services ...