Pakistan currently finds itself in a double-edged debt trap. The entire budget of the country goes into domestic and foreign debt servicing, which consumes its tax revenue, hence, the country is forced to rely on its internal borrowing for survival.
The local traders of Pakistan-occupied Gilgit Baltistan (PoGB), who manage their livelihoods from the goods passing through the Sost Dry Port, have been protesting for several weeks over the issue of illegal tax collection despite the PoGB's chief court ordering otherwise.
US President Joe Biden's son Hunter Biden pleaded guilty to all nine charges in his federal tax case Thursday, and District Judge Mark Scarsi in Los Angeles has accepted his plea, CNN reported.
On the occasion of Teacher's Day, Alakh Pandey, founder and CEO of Physics Wallah, urged the government to reduce the Goods and Services Tax (GST) on the education sector and called for edtech companies to operate as non-profit organizations.
New Delhi [India], September 2: PURE EV, a pioneering brand in the electric two-wheeler (2W) segment, has announced plans to launch a significant Initial Public Offering (IPO) in 2025, building on its remarkable growth trajectory. The company is backed by prominent investors, including the N
The president of the cantonment trader body, Mansoor Bagh, stated on Sunday that they could no longer afford the excessive rent increase as they were already struggling due to the ongoing economic crisis, inflated electricity bills, and high taxes
The central government is continuously moving on the path of fiscal prudence with the fiscal deficit of the government on July 24 declining to Rs 1.41 lakh crore as compared to Rs 1.54 lakh crore in the corresponding period last year, as per a report by Anand Rathi, a financial services comp
After the GST collection for the August showed a month-on-month decline in growth terms, the economic experts pointed out that the decline on month-on-month growth basis is not an appropriate way of looking at the numbers in view of the buoyancy in both direct and indirect taxes.
Goods and Services Tax (GST) collections in August, in gross terms, were at Rs 1.74 lakh crore, with a yearly jump of 10 per cent, data showed on Sunday.
During a series of follow-up searches, the authorities uncovered incriminating evidence including fake invoices, chequebooks, laptops, and pen drives containing details of the bogus firms.