KRA primarily validates the accuracy of VAT returns by checking whether input and output VAT are correctly reported and ...

FINANCE Secretary Ralph G. Recto has ordered the Bureau of Internal Revenue (BIR) to swiftly implement the value-added tax (VAT) exemption on the expanded list ...

The High Court rejected the claim, brought by a number of children, parents and education providers, that the tax measures ...

Allahabad High Court rules GST input tax credit cannot be claimed on closing stock under UPVAT if goods were not sold before GST ...

Calcutta High Court overturns Tribunal's order for fresh VAT assessment in Jharna Saha case, ruling it's time-barred due to original notice ...

There are calls for tax relief and lower VAT on tickets to support the festival industry. The East Anglian Festivals Network ...

Jonathan Hinder, a Labour MP, has accused families impacted by the private school tax raid of 'crying to the courts' after ...

India's widely reported gross domestic product growth figures are misleading as they can be artificially inflated by ...

In FY24, the government targeted a revenue-to-GDP ratio of 9.6%. It achieved just 8.2%. This pattern is not new. Since FY20, the ratio has hovered around 8%, despite targets being revised downward eac ...

The Supreme Court recently stayed a tax recovery demand of ₹317.5 crores raised by the Karnataka Commercial Taxes Department ...

China's value-added tax (VAT) invoice data released by the State Taxation Administration on Friday indicates that the Chinese ...