The debate on relying on the goods and services tax (GST) hike versus counting on other mechanisms to generate revenue misses the point, Finance Minister Lawrence Wong said during a post-Budget ...

Around the globe, whenever new tax system is introduced there are always conflicts between Taxpayers and the revenue authorities. The Government wants its revenue to be as high as possible and for ...

The GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to ...

“In order to ensure that the standard rate is kept close to the RNR, the maximum possible tax base should be taxed at the standard rate,” it said. Companies will not have to deduct GST under reverse ...

The panel of state finance ministers is likely to recommend a uniform GST levy of 28 percent on online gaming irrespective of whether it is a game of skill or game of chance, sources said. However, it ...