Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...

Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the ...

The number of U.S. states which have introduced a flat individual income tax rate has grown significantly in recent years. In ...

Indirect taxes are imposed on goods and services and paid by consumers indirectly at the time of buying goods and services.

Act, 1956 came into force on January 5, 1957, while CST rate was 1% originally and was increased to 2% and then to 3% and 4% (with effect from July 1, 1975), according to the Department of Revenue.

Legislative Assembly of the National Capital Territory of Delhi and assented to by the Lt. Governor, introduces key changes ...

NEW DELHI, Jan 1 (Reuters) - India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period last year, the government said on Wednesday.

Tax hikes on essential items such as medicines, LPG, and mobile phone SIM cards are implemented immediately after the ...