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) ...

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

The central bank has attributed this deviation to three primary factors: a more significant than anticipated increase in ...

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

Freebies, barter deals, and social media earnings will no longer go unnoticed, and influencers will be required to disclose ...

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

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 ...

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

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

In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.