While the Internal Revenue Service is still processing returns — and many taxpayers have still yet to file — refunds for tax ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

No, the input tax credit shall allow provisionally for two months. The system matches the supply details and the communicates the discrepancies to the concerned supplier and recipient. In case ...

The EU Commission has proposed changes and partial delays to its carbon tax on imports of fertiliser and steel, known as the Carbon Border Adjustment Mechanism (Cbam), and the UK is facing ...

Here are some key highlights of GST: GST is levied at each production and distribution stage, allowing input tax credits to offset previous payments. Ultimately, consumers bear the tax embedded in ...

Play the USA TODAY Daily Crossword Puzzle. The Credit for Caring Act, if passed, would provide up to a $5,000 nonrefundable federal tax credit for eligible working family caregivers, that would ...

Take my friend Amarjeet, who runs a startup selling digital tools to businesses. For transactions under ₹30,000, the process is seamless. Buyers pay online and instantly download the tools. However, ...

WASHINGTON, March 10 (Reuters) - A group of Republican lawmakers urged the House committee drafting President Donald Trump's proposed tax cuts in the upcoming budget reconciliation bill to ...

denial of input tax credit on sales and promotional expenditures, valuation issue GST under corporate guarantee, and denial of exemption on export of services, it added. Biocon further said it is "in ...