The Supreme Court further emphasised that denying ITC due to human errors results in unfair double taxation, where businesses ...

In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...

This reduction rather than a complete waiver in GST on gross insurance premium will be beneficial for both policyholders as ...

When the then President Pranab Mukherjee rang the bell for revolutionary change in the tax structure in the country in the ...

The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...

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.

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 ...

Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

Whether ITC can be denied die to wrong address and GSTN on invoices?

The GST Council has asked the Insurance Regulatory and Development Authority of India (IRDAI) to provide recommendations on ...

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 ...