The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces valuation ...

In a renewed crackdown on tax evasion, the income tax department has started re-examining several previously concluded assessment cases. The reassessment cases are largely focused on businesses ...

India reports 24,109 fake GST invoice cases in FY26 to October, with authorities warning of rising fraud via dormant pharmaceutical entities India has uncovered 24,109 fake Goods and Services Tax (GST ...

Explains the shift from transaction value to MRP-based valuation under Rule 31D. Highlights how GST will now be calculated on printed retail ...

GST Network has issued an advisory on reporting retail sale price-based valuation for tobacco products like pan masala in e-Invoice, e-Way Bill, GSTR-1, and Invoice Furnishing Facility. This move, ...

Central and state tax officials have suggested the option of online GST registration with live photo and use of biometrics to weed out the menace of fake firms claiming input tax credit, sources said.

Indirect taxes are a vital part of buying and selling things. Unlike direct taxes, indirect tax is only paid by the customer ...