The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...

The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...

A ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy ...

The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...

such as declaring a value higher than the value of goods or services actually provided or has mentioned an incorrect higher GST rate. A credit note is also issued when goods are returned by the buyer.

The owner of St. John’s Fish Exchange Justin Garland says he saw a “double digit increase” in sales during the month of January and credits both the GST/HST holiday and January’s pleasant stretch of ...

Authorities have busted a Goods and Services Tax (GST) evasion racket involving a fraudulent input tax credit (ITC) scam of ...

The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...

Hyderabad :The state commercial tax department has posted an impressive 17.06 per cent increase in revenues for January, ...