Input tax credit removal set to hit commercial realty companies
Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...
JD Supra7d
Tax Court of Canada Denies GST/HST Input Tax Credit Claims in Connection with a Settlement Payment
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...
Big Brother watching: Optional GST invoice reconciliation to be made mandatory
India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.
Tax Guru6d
ITC Refund Challenges for Exporters with Cancelled GST Registration
ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...
Centre's retrospective GST amendment in Budget 2025 may face legal scrutiny
The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...
Bogus companies, fake invoices: ₹1,196 crore GST fraud unearthed by DGGI Pune Zonal Unit; check details
The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...
Crackdown on Corruption: GST Fraud Worth Rs 26.92 Crore Uncovered In Thane, Mastermind Arrested
Authorities have busted a Goods and Services Tax (GST) evasion racket involving a fraudulent input tax credit (ITC) scam of ...