The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

Recovery of credit taken based on documents issued by the ‘input service distributor (ISD)’ by subjecting it to scrutiny for eligibility thereof at recipient unit; Section 2 (61) of CGST defines ...

Australia’s continuing failure to divide federal funds equitably looks even more ridiculous in light of WA running budget surpluses of $3.5 billion a year while eastern states face deep budget ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

Metal credit cards symbolize luxury and exclusivity, made from alloys unlike traditional plastic. They offer various opulent ...

As FY 2024-25 ends, businesses must complete critical GST compliance tasks. Key activities include submitting the Letter of ...

Experts say Biometric Authentication was introduced by the government to curb fake registrations for claiming input tax credit (ITC ... Some important points to note about this new GST authentication ...

In a major relief to goods and services tax (GST) payers, the government is likely to amend Central GST (CGST) Rules, allowing recipients of goods and services up to two months to accept or reject a ...

On a gross basis, GST from domestic sources, which refers to transactions within the country, rose 10.2% to Rs 1,41,945 crore, while those related to imports were up 5.4%, indicating that the ...

Mahindra Holidays & Resorts India Ltd on Saturday said it has received a demand of over Rs 17.5 crore from GST authority in Chennai over an alleged mismatch in turnover and reversal of input tax ...

India’s GST Collections: According to the data, the central GST stood at ₹35,204 crore, the State GST at ₹43,704 crore, the Integrated GST at ₹90,870 crore, and the compensation cess at ...