The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

GST Reforms: The Goods and Services tax Council, headed by finance minister Nirmala Sitharaman, will rollout the new GST tax slabs by around Sept 22 to boost India's festive demand, government sources ...

For purposes of determining the inclusion ratio, every individual is allowed a GST exemption (the base figure is adjusted annually for inflation). The amount is $13.99 million in 2025 (projected), $13 ...

On May 6, 2024, the Treasury Department published TD 9996, “Relief Provisions Respecting Timely Allocation of GST Exemption and Certain GST Elections.” These regulations address the circumstances and ...

The Budget 2026 amendment to the intermediary provision raises questions about the validity of ongoing GST disputes. Without a saving clause, taxpayers may argue that pending proceedings lack ...

The American Institute of CPAs asked officials in the Treasury Department and the Internal Revenue Service for changes in the final regulations governing generation-skipping transfer tax exemptions.

The proof of business existence can be given by way of electricity bills, maintenance bills or photographs of office ...

Since it became effective in 1985, the generation-skipping transfer (GST) tax has been a source of complexity, confusion and liability. Under current law, when the GST tax applies, it does so at a ...

A Guernsey deputy who is against the introduction of a goods and services tax (GST) has said he will keep trying to take the ...

Queensland is the biggest winner with a $2.45 billion boost and Victoria will receive about $1.4 billion in goods and services tax and top-up payments.

Western Australia is a big winner from the latest distribution; its share of GST will rise from 8.3 per cent to 9.1 per cent, even though it is the strongest state financially. Queensland will receive ...