No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI ...
Income tax relief, capex: Budget 2025 wishlist from Motilal Oswal Sec
Indirect tax relief, interest-free capex loans, household income boost, among 5 key expectations from Motilal Oswal for ...
Tax Guru8h
Gujarat AAAR Rejects Tax Exemption Appeal of Data Processing Forms
Gujarat Appellate Authority for Advance Ruling (AAAR) has upheld the Gujarat Authority for Advance Ruling’s (GAAR) decision ...
The Financial Express7h
Budget 2025 Expectations: FM expected to use indirect tax as key to maintain balance between growth and fiscal discipline
The upcoming budget presents a crucial opportunity to refine indirect tax policies, boost revenue generation, and foster ...
Tax Guru3d
GST Clarifications on Penal Charges, Exemptions & GST on certain Services
2. Applicability of GST on penal charges being levied by the Regulated Entities (REs) in view of RBI instructions dated 18.08 ...
What Middle Class' Tax Burden Tells Us About the State of Indian Taxation System
As the Union Budget 2025 approaches, debates over tax reforms have reignited frustrations among the middle class about the ...
The big tax Americans don't pay — and what we give up in exchange
Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.
Budget 2025: Mobile retailers seek tax cuts, easier loans and lower MDR
The All India Mobile Retailers Association, which represents 1.50 lakh retailers, says these measures will improve ...
Budget 2025: What is sin tax? Will cigarettes, alcohol get costlier?
The sin tax is the most talked about among consumers. All eyes will be on Union Finance Minister Nirmala Sitharaman as she presents her eighth consecutive budget tomorrow. But what is this tax?
Business Daily Africa2dOpinion
Treasury should roll out non-fiscal incentives to manage tax expenditure
The national government could focus on non-fiscal measures and incentives, working together with county governments.
CBIC Confirms No GST Applicability on Penal Charges Imposed by Banks and NBFCs
The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...
Green Wants To Extend Excise Tax Surcharge On Neighbor Islands
The measure to leave the surcharge in place for an additional 17 years is expected to win strong support from Kauaʻi, Maui ...