The Department of Finance (DOF) is still considering slapping carbon tax as long as it won’t hike energy prices and instead facilitate the entry of green or environmentally sustainable investments. In ...

Republican lawmakers appear determined to roll back EV tax credits and pollution controls that were central to the Biden-era plan to combat climate change — even if it kneecaps an emerging ...

The input tax credit pertaining to these common input services can then be distributed among the branches that utilize them. The Input Tax Credit (ITC) is the tax paid on business purchases that ...

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 ...

The Central Board of Direct Taxes (CBDT) has invited public input on the Income Tax Bill, 2025, which was introduced in the Parliament on February 13 and is currently under review by a Select ...

The Karnataka High Court while laying down vital guidelines on Input Tax Credit stated that if the Assessee during the course of reassessment proceedings makes a claim for Input Tax Credit ...

The mechanism is meant to simplify the credit taking process for entities and the ISD provisions have become mandatory, w.e.f. from 1st April, 2025 vide Notification No. 16/2024-Central Tax dated 6th ...

BYD Co. unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel. BYD’s Chairman and founder Wang ...

However, even though tax planning is one of the most impactful tools for enhancing profitability, it is often overlooked by business owners. As the founder and CEO of the financial and accounting ...

In late February, Republicans in the House and Senate voted along party lines to repeal a Biden-era rule implementing a federal tax on methane pollution. President Donald Trump signed the measure ...

Summary: The Input Service Distributor (ISD) is an office of a supplier responsible for distributing input tax credit (ITC) on received invoices under GST regulations. As per Section 24 of the CGST ...

Setting forth his renowned dictum that “the power to tax involves the power to destroy,” Chief Justice John Marshall declared that the states (and, by inference, local governments ...