From September 22, individual health and life insurance policies have become free from Goods and Services Tax, removing the ...

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, $13.61 million ...

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that Goods and Services Tax (GST) collected by a ...

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 ...

Vivek Johri says the new duty changes should not hurt state revenues, as excise collections will continue to be shared between the Centre and states. Only the new pan masala cess will go entirely to ...

Hero MotoCorp said the tax demand is not maintainable in law and added that it will challenge the order through appropriate ...

In Private Letter Ruling 202432012 (Aug. 9, 2024), the Internal Revenue Service determined that proposed court modifications of a generation-skipping transfer (GST) tax-exempt trust’s distribution and ...