ISD shall receive tax invoices on behalf of the distinct persons in respect of services which are taxable under forward charge and invoices issued for the services which are taxed under RCM. Further .

Sub-renting by a registered sub-lessor to a registered sub-lessee is taxable under FCM, requiring the sub-lessor to register if their turnover exceeds the threshold and issue GST-compliant invoices ..

The Patna High Court has ruled that GST is applicable on RCM basis ... liable to tax under the GST Act. Ultimately, the high court gave a verdict in the government’s favour. In hyper simple language ...

Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

Petitioners were not entitled to interest deductions claimed on promissory notes related to a complex financial transaction, as the notes did not constitute genuine indebtedness for tax purposes, held ...

In this episode of Tax Notes Talk, Tax Notes chief correspondent Stephanie Soong discusses how the Trump administration’s tax priorities have been shaping negotiations on the OECD’s two-pillar ...

As Uganda prepares for the fiscal year 2025/2026, policymakers must consider alternative tax bills that could significantly impact the business landscape, fostering an environment conducive to ...

Detailed disclosures: New sections for opting out of the new tax regime and for income under the cruise shipping presumptive scheme. Taxpayers should note the tax savings, deductions they have ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

It also includes VAT-registered taxpayers who have not complied with the electronic tax invoice regulations, and taxpayers who have filed returns and not made payments for six months and all ...

The final vote early May 22 ended a dramatic week on the Hill, where Norman and other House Freedom Caucus members held out ...