16th May 2014 was a historic moment in Indian politics. The party that was always considered “destined to be sitting in the opposition”, the party that “didn’t have it to make it large” and the party that had stemmed...
When it comes to tax matters, Indians are the tax evaders. The country with a population more than 125 Cr. is struggling with the tax collections. Recently, Income Tax Department of India issued statistics of Income Tax Collection AY...
The GST Council headed by the Finance Minister has approved a four slab tax rate of 5%, 12%,18%, and 28% respectively according to the types of goods and services and set up the final platform for the GST implementation.
Restaurants...
In the Arthashastra by Chanakya,
The general principles of taxation and the rates of taxation are given in Part 2 Chapter 22 and additional principles for the `replenishment of treasury' (in times of emergency, war, etc., which may have caused...
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