Taxes play a crucial role in a country's economic growth. Know the key differences between direct and indirect taxes, along with their benefits and drawbacks.

Indirect taxes have played an important role in contributing towards the economic development by replacing a fragmented indirect tax system Bigger bench strength to help reduce pendency of cases ...

The issue had become a major point of friction between the Centre and opposition-ruled states ahead of the GST Council meeting on Wednesday, where the issue of a revamp of the indirect tax regime ...

Historically, revenue efforts in Bangladesh have been seriously inadequate, which has constrained public expenditure.

At a broad level, taxes in India are categorized into direct and indirect taxes. Direct Tax is when the taxpayer pays directly to the authority imposing the Tax. Here, the taxpayer has to bear the ...

Higher costs of living, limited public services, reliance on indirect taxes, economic vulnerability, and social inequality ...

A less-complex GST structure essentially would imply a reduction in the number of tax slabs, minimal carve outs and ...

Former President Donald Trump wants to increase tariffs, while his Democratic opponent, Vice President Kamala Harris, wants ...

In Jamaica, for the financial year 2024/2025, the Government projects to collect $924.37 billion in taxes, with major ...

The CBIC has clarified that automobile dealers can claim input tax credit (ITC) under GST for demo cars used to promote sales ...

The GST was to be a ‘good and simple tax’ when introduced in 2017 after a decade in preparation. After the latest meeting of ...

This is only one of the five “red flags” being used by the government and the GST Network, which provides the IT backbone for the indirect tax. Gross GST revenue collected in April was well ...