SC junks CBIC plea, says GST errors can be corrected even after deadline
The Supreme Court further emphasised that denying ITC due to human errors results in unfair double taxation, where businesses ...
Supreme Court upholds buyers can correct clerical errors in GST filings without penalty, claim ITC
In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...
Tax Guru4h
Patna HC Allows Rectification of ITC Claim Under GST
Patna High Court addressed a dispute regarding the denial of input tax credit (ITC) to Platinum Ispat Industries Pvt. Ltd. for the months of January to March in the assessment year 2018-19. The ...
Tax Guru4h
ISD – A Better Way to Distribute ITC among Branches
An ISD shall distribute the ITC of RCM in the same manner of normal ITC on basis of turnover. The distributed ITC will be ...
Newspoint on MSN4h
GST: 'As long as you understand the old rules...', why has GST become a hassle for traders?
When the then President Pranab Mukherjee rang the bell for revolutionary change in the tax structure in the country in the ...
Supreme Court rules businesses can rectify tax errors without penalty
Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.
interest.co.nz17h
Te wiki o te tāke: Tax returns, tax fraud, tax cuts
The New Zealand Tax Podcast - are you ready for 31st March tax year-end? GST fraud lessons. Tax-cut talk ahead of May's Budget ...
The Financial Express1d
GST relief on insurance: Why 5% tax could be better than a full waiver for consumers
This reduction rather than a complete waiver in GST on gross insurance premium will be beneficial for both policyholders as ...
The Financial Express2d
GST on insurance may be slashed to 5%
The 13-member GoM in its report submitted to the GST Council in December had recommended a GST exemption for premiums paid on pure term life insurance policies.
Newspoint on MSN2d
GST Rules: GST theft will cost you heavily, rules are changing from April 1..
The Government of India has made a lot of changes in the rules of Goods and Services Tax. Under this, the Input Service ...
Navigating GST registration hurdles: What freelancers and small businesses should know
Freelancers and small business owners may find GST registration more complex than anticipated. Requests for additional ...
Borivli bizman arrested for 8.2cr tax fraud
Mumbai: A Borivali businessman has been arrested by the investigation wing of central GST, Palghar commissionerate, for ...