NEW DELHI: It is a race against time for 15 major states to introduce VAT in lieu of sales tax from June 1, admit finance ministry officials here. But they do not think the task is impossible.

rising by 14.6% and 7.3% respectively. Jason Tuvey, senior emerging markets economist at Capital Economics, said in a research note that "the pass-through from the VAT hike may be relatively more ...

Labour's plan for 6,500 new teachers funded by private school VAT might not even fix the shortage, according to a new official report. The National Audit Office (NAO) said it is ‘not clear ...

TPC estimates that in 2017, Cruz would cut taxes by an average of about $6,000, or 8.5 percent of after-tax income. However, he’d slash taxes by an average of $1.9 million for those in the top 0 ...

Value added tax, or VAT, has been increased in the coalition ... government plan - increasing insurance premium tax from 5% to 6%. The chancellor's decision to increase VAT did not come as too ...