vat

India may soon have a new mechanism to price air turbine fuel (ATF) for domestic airlines which will bring more parity between global crude price and ATF price in India. This, say airline executives, may take down the cost of ATF by at…

Already battered by rising prices of essentials ranging from fruits and vegetables to edible oil and electricity, record high rates of cooking gas LPG have added to the woes of the common man, especially the lower strata. LPG rates this…

India's biggest tax reform, the Goods and Services Tax (GST), completes its half-a-decade journey on June 30, with many hits and some misses, and also brought about a paradigm shift in use of technology to bring about tax compliance and…

NEW DELHI: The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026. As per the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, notified by the finance…