The Latest Breaking News from Sales Tax

There’s no dispute that the cost of consumer goods is soaring. The U.S. inflation rate rose 9.1 percent for the 12 months ending June 2022. With rising prices across many sectors, the prospect of shopping for your child’s school items can be daunting. What was once economical may now be…

Twenty-nine states do not charge sales tax on menstrual products.

NEW DELHI: Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary pressures as well as expectations.

Meanwhile, Delaware's governor has blocked a more modest step, and a legalization initiative has qualified for the ballot in South Dakota.

Data show that a drop in the Centre’s excise duty, regardless of the component deducted, reduces the States’ VAT collections

It comes after the Government closed its consultation into a potential online sales tax.

No discussion on reduction of KST on petroleum products has taken place so far

With the Centre announcing cuts in the Central excise duties on petrol and diesel, the sales tax on the fuel collected in the State will also go down correspondingly.

Sainsbury’s and others call for tax on internet sales, while Marks & Spencer says that would ‘punish’ go-ahead outlets