India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance. While it promises real-time tracking, experts caution about transition ...

The Supreme Court on Friday refused to entertain a PIL demanding scrapping of the TDS system of income tax collection under the Income Tax Act, saying it was “very badly drafted”. A Bench led ...

The Supreme Court on Friday refused to entertain a public interest plea (PIL) seeking the scrapping of the Tax Deducted at Source (TDS) system, describing it as arbitrary, irrational and violative ...

Summary: Section 51 of the GST Act mandates specified entities to deduct Tax Deducted at Source (TDS) on payments for goods or services under certain conditions. These entities include government ...

bearing Circular No.166/22/2021-GST, wherein refund of TDS/TCS amounts deposited in the electronic cash ledger is permissible, in accordance with the proviso to sub-section (1) of section 54, read ...

The probe also revealed that GST returns for most of these companies were filed from common IP addresses, suggesting that they were all operated by the same accused. Further searches at the companies' ...

Thus with the start of the new financial year 2019-20 (w.e.f. 01/04/2019), a new invoice series, unique for the financial year, is to be started by the GST taxpayers. A similar provision is there in ...

The Supreme Court declined to consider a public interest litigation (PIL) on Friday, calling for the discontinuation of the Tax Deducted at Source (TDS) framework under the Income Tax Act. A bench led ...

Suppose the invoice is uploaded, and the person also takes it, even then, this problem will arise. Because you yourself will later on find out that the GST registration is incorrectly given." ...

SC urges Telangana Legislative Assembly to swiftly decide on disqualification of BRS MLAs over defection, adjourns hearing to Feb 18 ...