Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.
Key Difference: GST searches are business-centric, focusing on transactional compliance, while Income Tax searches are more intrusive, aiming at personal and undisclosed income. Governed by Section 67 ...
In a major relief to goods and services tax (GST) payers, the government is likely to amend Central GST (CGST) Rules, ...
This Court in Shyam Sel & Power Limited (supra) and Galaxy Enterprises (supra) has specifically held that in case any deficiency is pointed out in the show cause notice and the same is cured before ...
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Press Trust of India on MSNCongress pushes for ‘GST 2.0,’ calls for radical tax reform beyond mere rate cutsCongress general secretary in-charge communications Jairam Ramesh said his party had envisaged a GST 2.0 -- a truly Good and ...
With Finance Minister Nirmala Sitharaman asserting that the GST rates will come down further, the Congress on Sunday said any changes in the tax must be more comprehensive than a mere rate reduction ...
A three-judge Supreme Court bench ruled that individuals accused under GST and customs laws would be entitled to the same legal protections as those accused under criminal law.
For some of the company’s vendors, the invoices had no GST ... Not all the indicators point to a bleak GST holiday. Moneris data suggest the tax break did create growth in some categories ...
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