The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...

Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...

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

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

Trade associations in Bangladesh are demanding a simpler and investment-friendly tax structure that would ensure sustainable ...

The recent amendments in our tax laws have also brought some changes on the rules in claiming refunds of erroneously paid taxes as well as refund of unutilized input Value Added Tax (VAT) attributable ...

Lawmakers say they aren't rushing an overhaul of Iowa's property tax system as local governments explore what proposed ...

CNBC Select explains how filing digitally and arranging for direct deposit can speed up your refund by a matter of weeks.

THE Bureau of Internal Revenue (BIR) has issued a series of new Revenue Regulations (RRs) reducing corporate income tax rates and standardizing value-added tax (VAT) rules, following the recent ...