The Delhi High Court has quashed a batch of VAT assessment orders issued by VAT Audit Officer, stating that the authority did ...
The National Board of Revenue (NBR) has brought major changes in VAT refunds. To ensure convenience and transparency for ...
He added that the GRA has been engaging the Ministry of Finance and other stakeholders to ensure that the full set of reforms ...
The Orissa High Court has held that an audit assessment under Section 42 of the OVAT Act (Odisha Value Added Tax Rules, 2005) ...
The Business & Financial Times on MSN
Understanding the 2025 VAT reforms: What they mean for individuals, businesses, and the economy
By Confidence AKPLOME The Finance Minister, Mr Ato Forson, last week Friday laid before Parliament The Budget Statement and Economic Policy for the 2026 Fiscal Year, themed “Resetting for Growth, Jobs ...
A spokesperson for the State Taxes and Excise Department said on Friday that the department has shown steady growth in revenue collection over the past three years.
The National Board of Revenue (NBR) has launched an Online VAT Refund Module to facilitate the online submission, processing, and direct transfer of VAT refund amounts to taxpayers' bank accounts.
A Finnish company was providing factoring services that consisted in "invoice factoring", which took the form of a credit granted that corresponded ...
The proposal is to have a system that resembles a sales tax by disallowing Vat input claims and to rely solely on the payment ...
President Bola Ahmed Tinubu has stated that his administration will review proposals for corporate tax relief and VAT ...
TSI Instruments Limited (TSI) imported goods to the UK which were then serviced/repaired and returned to the customer. Although TSI paid minimal ...
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