Indirect taxes are effectively a charge, levy or duty that you pay when you purchase certain items or services. You pay ...

Digital goods are currently taxed in 31 states. The large market states where such products and services are generally not subject to tax, ...

Summary: The Union Budget 2025 proposes a rationalized customs tariff structure by removing seven tariff rates, leaving only eight, with minor reductions on select items. To support domestic ...

From a GST standpoint, we need to bear in mind that changes to the GST legislation require approval of the GST Council, ...

The FM has retained the effective tax rate of most products to the pre-budget rates by balancing through the AIDCess, notes ...

Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, ...

The budget aims to include key sectors under GST, streamline assessment processes, and provide clarity on plant and machinery credits.

The Union Budget 2025-26, presented by finance minister Nirmala Sitharaman introduces significant changes to the customs ...

You don’t just pay tax on your earnings and wealth – you’ll also pay indirect tax as part of your everyday, regular spending – but you might not realise it. These types of tax won’t come ...