Tougher validation process in GST filing in Phase III of mandatory harmonized system of nomenclature code
Starting from February 2025, taxpayers will need to report HSN codes in GSTR-1 and GSTR-1A forms by selecting the appropriate ...
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New GSTN guidelines for transport via Indian Railways: Buyers won’t receive goods if E-Way Bill doesn’t have this detail, here’s how to do it
The Goods and Services Tax Network (GSTN) has informed that freight operation information system (FOIS) of the Indian Railways has now been integrated with the E-Way Bill (EWB) system of the Goods ...
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What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes in the form of retail sales tax and excise tax (tax imposed on ...
What are tariffs and who pays them? See Trump's proposed tax plan now that he's president
According to Reuters, Trump proposed a 10% tariff on all U.S. imports and a 60% levy on Chinese-made products.