Prior to Union Budget 2025, stakeholders from the travel and hospitality sector put forth their demands and expectations from ...

On January 10, 2025, the Internal Revenue Service (IRS) issued Notice 2025-10 and Notice 2025-11. Notice 2025-10 summarizes proposed ...

Liquidity challenges under the GST framework are another bottleneck. Ramesh Bafna, CFO at Zepto, recommended reforms to ...

Ahmedabad: In a significant development for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) elimi.

While drafting a reply: Mention relevant provisions of the CGST Act and rules. Provide a detailed reconciliation statement. Include supporting documents, such as invoices and payment proofs. For ...

1962 and any sum chargeable on that article under any law for the time being in force as an addition to. Input tax credit of the integrated tax (IGST) and GST Compensation Cess is made available to ...

Another key suggestion from restaurateurs is the restoration of input tax credit under the GST regime. In addition to the current 5% slab without ITC, a new GST slab between 12% and 18% with ITC ...

Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. From reproductive rights to climate change to Big Tech, The ...

The wait ended today, with the Treasury announcing final rules for hydrogen producers to qualify for tax credits under the section 45V of the Inflation Reduction Act. “We’re grateful to have a ...

Here’s the current income tax rates and slabs under both the New Tax Regime and the Old Tax Regime. This is the default tax regime. Under this regime, taxpayers can opt for lower rates but must forgo ...

Hyundai Motor Group electric vehicles, including Kia and Genesis models, now qualify for the $7,500 EV tax credit for the first time. The Korean auto giant now has five eligible EVs as it looks to ...