India's GST was simplified to a two-rate structure of 5% and 18%, instead of the current four slabs. An additonal 40% tax on "super luxury" and "sin" goods was also introduced. The tax cuts are " ...

Today, income tax is one of the Indian government’s biggest sources of revenue, contributing heavily to public spending on ...

MakeMyTrip is reportedly evaluating IDR route over a traditional IPO as it looks to access Indian investors while managing ...

Monday - Friday, 11:00 - 12:00 SIN/HK | 0500 - 06:00 CET India's Prime Minister Narendra Modi has announced plans to reform the country's goods and services tax regime. The regime is expected to have ...

India’s tax system has quietly undergone a major shift. With the effective tax-free income limit at Rs 12 lakh under the new ...

In India, salaried employees, business owners, freelancers, and professionals are required to pay income tax if their earnings cross the prescribed limit. However, agricultural income continues to ...

Experts say the pressure on the GST system is increasing because compliance requirements are becoming more complex and more automated.

NEW DELHI, July 15 (Reuters) - India will tax all imports of aircraft components and aircraft engine parts at 5%, the civil aviation minister said on Monday, unifying the tax rate which earlier varied ...