Tax Reform

In the last five years, since its launch in July 2017, the GST journey has been difficult for both economic and political reasons. Read more on five years of GST in our top headlines

The deal aims to discourage the use of often-complex accounting schemes to move profits to where the least tax is due.

If all goes to plan, the new tax rules should be translated into binding legislation worldwide before the end of 2023.

Vice President M Venkaiah Naidu on Thursday said the "long-awaited" taxation reform announced by the government would lead to greater compliance of tax laws

Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1.

By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme

He said a simplified tax regime with reduced compliance cost requires standardisation, harmonisation and elimination of tax exemptions