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 ...

Thane CGST officers busted a ₹140 crore fake GST invoice racket led by Mahamad Sultan Kapadiya, who created 18 dummy firms for fraudulent ITC claims.

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

In November, Prime Minister Justin Trudeau announced the two-month GST cut on groceries and other items as we headed into the busy and costly gift-giving season. The tax break began on December 14 ...

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 ...

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 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 ...

No one service fits everyone's tax situation. But here are the best ways to file your taxes for free this year. Danni Santana has spent seven years as an editor and business journalist covering ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

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 ...

Under this mandate, NFRA conducted audit quality inspections of the Chartered Accountant Firms M/s Price Waterhouse Chartered ...