Mumbai: The Mumbai Police Economic Offences Wing (EOW) has filed a case against a scrap dealer couple for cheating the state VAT ... state between 2013 and 2016 by evading VAT and Sales Tax.

The Three to four 39;branches 39; of Taxes and the New Needed Boundaries Many of you are very familiar with the term 39;the ...

There are also indirect taxes, such as sales taxes, where a tax is levied on the seller but paid by the buyer. Investopedia / Zoe Hansen The modern distinction between direct taxes and indirect ...

Tax policy is more than numbers – it's where economic theory meets the real world. In the US, lower taxes and high deficits ...

Conclusion: Dealers registered under Value Added Tax Act (VAT Act), 2008 were duty bound to reverse or debit the input tax credit as prescribed under Section 13(6) of the VAT after the discontinuation ...

When ownership of hobby cars changes, it is often the case that no money changes hands and the vehicles are simply exchanged.

The NFAC, while acknowledging the alleged bogus nature of the purchases, reduced the addition to 4% of the purchase amount, citing several judicial precedents. This led the revenue to file the current ...

Looking to buy your first property in Spain? Find out all the hidden costs involved and how much you can expect to pay on top ...

Chancellor Rachel Reeves has faced growing calls to revisit tax changes for electric vehicles after new data revealed a ...

In addition to net profit, two common metrics used to assess a company's core strengths and weaknesses are gross profit and earnings before interest, taxes ... income from sales before expenses.

One stark difference between the ... which are all displayed with prices pre-tax, unlike in the UK where VAT is already added on to the price shown. Sales tax consists of two components: an ...