The investigation has revealed a sophisticated network of bogus companies engaged in fraudulent Input Tax Credit (ITC ... generating fake invoices and e-way bills to create a facade of genuine ...

Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that a reduction in goods and services tax (GST) can be expected. She stated that the GST Council is currently working on ...

Centre's decision to amend a section of the Good and Services Tax (GST) Act retrospectively in the Union Budget for 2025-26 may face legal scrutiny, as the government’s review petition on a ...

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

Learn Excel automation tricks to streamline data management, consolidate files, and import live data. Maximize efficiency and ...

Way Bill Applicability for Gold and Precious Stones. The e-Way Bill (EWB) system under the Goods and Services Tax (GST) ...

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

The exemption is the gift and estate tax lifetime exemption. The GST Tax Exemption GSTs still serve as tools for high-net-worth individuals to transfer wealth at a lower tax rate even with the ...

Summary: GST officials have raised tax demands of approximately ₹1 lakh crore due to fake invoices for the 2017-18 financial year. Taxpayers who can substantiate their invoices with proper ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it could be pathetically low if half of them is pulled out willy-nilly thanks to ...