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As revenues rebound and the simplified tax regime, with a narrower incentive base and lower rates, becomes more widely applicable, trends in tax collections may align better with those in incomes ....
The report concedes that the terms of aid to India from the bank have hardened, resulting from the increasing share of World Bank lending relative to that of IDA, its soft affiliate. ....
The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity. GST on Rent for Business Entities Only & Not When Rented to a Private Person for Personal Use, Government Clarifies. ....