The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces valuation ...
This article examines how GST enforcement shifts the burden of supplier failures onto bona fide buyers. The key takeaway is that courts consistently hold recovery must be made from defaulting ...
Surat: The Surat zonal unit of the Directorate General of GST Intelligence (DGGI) uncovered a fake input tax credit (ITC) racket being run through a n.
Union Budget 2026 countdown begins: Explore expectations for tax cuts, divestment, and economic growth. Stay updated on key announcements!
In a few cases, the GST line may be nil or even negative, such as when a policy is cancelled, adjusted, or refunded, and a ...
Current TDS/TCS system poses a compliance challenge for companies, with rates varying from 0.1% to 35%, say tax experts ...
Union Finance Minister Nirmala Sitharaman will present Budget 2026-27 on Sunday, February 1, 2026, at 11 AM. Key expectations ...
The Punjab Taxation Department conducted a special statewide enforcement campaign on January 28, through all wings..
At a time when India’s Goods and Services Tax (GST) regime stands at a critical juncture, experts, administrators and practitioners called for a careful balance between easing compliance and ...
Use a GST calculator to prepare accurate financials before applying for a business loan. Gain GST clarity to manage cash flow and borrow with confidence.
In one case, the allegedly fraudulent Input Tax Credit (ITC) was to the tune of approximately Rs 252.66 crore, involving a ...
With many income tax incentives already expired or approaching sunset, 34% of respondents said they expected the government to bring back a manufacturing-linked lower tax rate regime ...