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 Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

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

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

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

Anil Agarwal-led company has informed that it has received two orders from the Office of the Commissioner, CGST & Central Excise, Rourkela Commissionerate, Rourkela. As per the first order, the ...

Three developers have proposed mixed-use projects on the property. All would include commercial space and housing. One ...

Global telecom major Vodafone Idea Limited has been ordered to pay a penalty of Rs 16.96 crore for alleged non-payment of GST ...

Besides, false tax credit claims and use of shell companies to issue fake ... reduce fraudulent input tax credit claims, and improve accuracy in tax reporting. “IMS will streamline the audit ...

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 ...

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

ChatGPT is an online AI software that allows you to type instructions or questions, and it’s programmed to respond in a human ...