The High Court set aside the cancellation order, allowing restoration of the GST registration, conditional on the petitioner filing all pending returns and paying dues within four weeks. The court ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...

An "enhanced" version of the IRS' Direct File program launched this year, with availability in roughly twice as many states as last year.

The Treasury Department and IRS have released multiple guidance documents over the past year, yet none of these constitute ...

ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...

In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...

The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

New Jersey residents can now take advantage of IRS Direct File, a free and secure online tool for filing federal and state ...

You receive the solar federal tax credit on your next IRS filing after buying a solar system, which you can use to cover your tax burden. You can carry any unused balance over to the next year.