The Invoice Managing System (IMS) in GST offers several benefits to businesses, the tax system, and the government by ...

While the GST framework seeks to tax the supply of goods and services, transactions involving land and immovable property ...

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the ...

Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some ...

The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...

While the Supreme Court’s October 2024 ruling in the Safari Retreats case provided relief by allowing ITC on leased properties, recent government actions including a retrospective amendment proposed ...

"After the resistance from the insurance industry, the fitment committee, assisting the GoM has been told to work on the 5% GST with ITC, and also to work on the revenue impact on that," said an ...

Under the existing law, I-T Act, 1961, taxpayers are eligible to claim refunds even if they filed belated income tax returns. (Freepik) The new Income Tax Bill, 2025 contains some provisions which ...

The ongoing talks between ITC and Orkla may not conclude with a deal, but the majority-stake-sale option is being explored ITC Ltd is in early discussions with Norway's Orkla ASA to acquire its ...

So, if you don't board, the airline does not pay the tax for you, and you might be able to claim it back. However, there is no legal obligation for the airline to refund the APD, but most state ...

Some suggest tapping into obscure credits — like writing off your car or claiming your pet as a guard dog — can lead to larger refunds. But tax professionals caution not all of what you'll ...