Under GST, the term ‘Inverted Tax Structure’ applies to a situation where the rate of the inward supply tax (purchases) exceeds the rate of the outward supply tax (sales). The GST tax charged on transactions is higher, in basic words, than the GST rate levied on sales. Taxpay...

Court strikes down an explanation Central GST rule, which the central government used to deny claim on input tax credit on services in case of inverted duty structure.

The new SGM1430 meter line caters to a full range of residential and small business clients, completing Aclara's suite of electricity meters for UK utilities.

Russia doesn't feel threatened itself, because right now China can ill-afford to alienate a neighbour that's an important military and resource power in its own right.

A NEW business portal set to launch on Aug 11 will aid small and medium-sized enterprises (SMEs) in navigating the numerous government support schemes.

State governments, which are at the forefront of tackling the COVID-19 pandemic, are facing a serious revenue shock, which could be aggravated by delays in collecting sufficient refunds for goods and services tax (GST).

Even as many Indian businessmen flamed out following ill-thought-through forays into disparate businesses, the Bajaj patriarch stuck to knitting though the company’s healthy balance sheet and allowing it to constantly explore related opportunities.

There’s a new ‘Check Your Privilege’ challenge doing the rounds on TikTok. As the name suggests, the challenge aims to promote awareness of discrimination by offering TikTok users a way they can check their own privilege, share the results publicly, and compare them to the res...

TikTok on Monday laid out a series of actions it plans to take to address criticisms that its recommendation algorithm suppresses black creators. These steps include launching what it calls a “creator diversity council” aimed at “recognizing and uplifting the voices driving c...

What has been internationally locked down are the exhibits of physical art, the excitement of an auction saleroom and the everyday life of becoming part of a busy group of art collectors. Yet as auction houses are gradually reconfiguring and virtualizing, online transactions a...

Coronavirus took a toll on Michael Hill International that said it’s closing nine stores this morning, three of which are in New Zealand. The business has posted an article on the NZX Limited describing the market effects of the pandemic. “The group has agreed that it will no...

An Air New Zealand Q300 aircraft land at Nelson Airport, one of three flights to land at Nelson on May 11. On Friday morning, an unwell passenger had to be taken off a domestic flight with .Air New Zealand. A spokesperson for Air NZ reported that one person had been removed f...