Explains the shift from transaction value to MRP-based valuation under Rule 31D. Highlights how GST will now be calculated on printed retail ...

Use a GST calculator to prepare accurate financials before applying for a business loan. Gain GST clarity to manage cash flow ...

In Private Letter Ruling 202539002 (July 1, 2025), a taxpayer made indirect skip gifts to a trust and split the gifts with his spouse. Their accounting firm filed a Form 709 for that year, but didn’t ...

As Budget 2026 draws closer, expectations are rising that the government may simplify personal income tax the way it streamlined GST. With GST moving towards fewer, broader rates over the past year, ...

As the Union Budget 2026 for the financial year 2026-27 is scheduled to be presented in Parliament on Sunday, February 1, 2026, at 11 am, one of the major fiscal elements influencing policy decisions ...

How was your Thanksgiving? I hope you celebrated the holiday in a pleasant setting with folks whose company you enjoyed, and with plenty of good food. I hope you participated in some interesting ...

The OBBBA reshaped several baseline assumptions for 2026 planning around state and local tax, above-the-line deductions and updated inflation adjustments.

The issue was whether foreign patent filing fees attract GST. The ruling confirms such payments are taxable as import of ...

The net GST collection in January 2026 after refunds was ₹1,70,719 crore compared to ₹1,58,701 crore in January 2025, ...