Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

Way Bill Applicability for Gold and Precious Stones. The e-Way Bill (EWB) system under the Goods and Services Tax (GST) ...

Perhaps overlooked by Canadians amidst a heady week of U.S. President Donald Trump’s further tariff threats and 51st state rhetoric is that the two-month Goods and Services Tax (GST) and Harmonized ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

The Goods and Services Tax (GST), introduced in 2017, has been good intention undone by poor implementation. How can it be reformed?

1. Provision allowing Input Service Distributors to distribute input tax credit for inter-state supplies subject to reverse ...

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

Yes, this change will likely affect online shopping sites like Shein and Temu, which are popular among young U.S. shoppers ...

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

By applying the sales tax only to goods and a small number of services, Illinois is missing the ability to tax much of the ...