in which the latter referred to GST as the "Gabbar Singh Tax". In a tweet dated 1 July 2022, Rahul Gandhi alleged that the BJP government had turned the Congress’ proposed “Genuine Simple Tax ...

The overall dispute is based on a fundamental disagreement over whether GST should be levied at 18 % on the gross gaming revenue (platform fee) or at 28 % on the total entry amount (face value), with ...

The ITC can be set off against the group company’s future tax liability, which effectively means no net benefit for the government. But if the group company doesn’t pay any GST, or is not eligible for ...

Amid growing confusion and concern among apartment residents, official sources clarified that the Goods and Services Tax (GST) on apartment maintenance charges is not a new levy, but an existing ...

The Goods and Services Tax (GST) Council may settle for a reduction in the tax rates on health & life insurance, instead of a full waiver. The GST, which now applies at 18% on gross premiums ...

The Australian Taxation Office is calling for expressions of interest from tax practitioners to refresh its main consultative group for professional ... Tax agents can expect the ATO to heighten their ...

Finance Minister Nirmala Sitharaman announced on Saturday that GST rates will come down further and that the process of rationalising tax rates and slabs has "almost reached a finale." With the ...

Punjab finance minister Harpal Singh Cheema on Tuesday said the excise and taxation department has conducted targeted GST registration drives to broaden the GST tax base, resulting in the addition ...

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 ...

Postmedia may earn an affiliate commission from purchases made through links on this page. When the announcement about the GST/HST break was first made, I didn’t realize just how good it would feel ...

In most tax cases, only lawyers, CPAs and enrolled agents — federally authorized tax practitioners — can represent taxpayers at the IRS. “The cost of relying on tax advice from somebody that is solely ...

Besides, the tax is not applicable when it is sold by an unregistered person. “We want to promote electric vehicles and GST Council is in favour of electric vehicles. When you buy used electric ...