The term “indirect tax” is used to describe taxes that are imposed on goods, land, or services (or transactions involving goods, land, or services). In contrast, “direct taxes” are imposed on income ...
The GST Council has approved a major overhaul of the Goods and Services Tax system, slashing rates on several everyday items. Roti, hair oil, ice creams, and televisions are set to become cheaper. We ...
A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the ...
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