As India marks eight years since the launch of the Goods and Services Tax (GST), the focus now shifts to a new chapter—GST ...

Owning a basic car, such as the Alto, is a cherished goal for India’s middle class, but high taxes often turn it into a ...

The 56th GST Council meeting is expected to take up key issues including rate rationalisation, compensation cess, and ...

It's been eight years of compensation cess on costly cars, tobacco and fizzy beverages. The Centre is willing to end the cess ...

India taxes crypto gains at 30%, which is just the beginning. Discover how harsh TDS rules and loss restrictions are driving investors offshore.

A detailed look into how car taxes in India impact middle-class consumers, as highlighted by CA Arvind C Thomas.

When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old ...

After a period of over six months Goods and Services Tax Council (GST) is reportedly expected to meet in early July ahead of ...

Maximum GST rate cap may be raised ahead of expiry of compensation cess in April GoM favours merging the levy the compensation with GST rates to leave the tax on high-revenue items unchanged.

Bipin Sapra, Tax Partner at EY India, echoed these concerns. “Replacing one cess with another doesn’t make sense,” he said. Sapra pointed out that the current cess collects significant revenue - ...

A child tax credit created in 2024 at 20% of the Earned Income Tax Credit will double to 40%. Education. The state’s evidence-based funding model for K-12 schools calls for $350 million in additional ...

The GST Council may replace the existing compensation cess with a Health Cess and a Clean Energy Cess, effective from April 1, 2026. NewsBytes. English. Hindi Tamil Telugu. More. In the news.