The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where ...

The GST Amnesty Scheme, effective from November 1, 2024, under Section 128A of the CGST Act, 2017, offers a waiver of interest and penalties on tax demands for FY 2017-18, 2018-19, and 2019-20, ...

The Supreme Court recently held that Rule 21(8) of the Punjab Value Added Tax Rules, 2005, which was notified on January 25, ...

GST Major Amnesty Scheme u/s 128A No Interest No Penalty for FY 2017-18, 2018-19 and 2019-20 ...

FICCI and Assocham urge the Indian government to allow input tax credit (ITC) for commercial properties built for leasing, ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

Officials of the Goods and Services Tax and Central Excise Commissionerate, Puducherry, have arrested a person after discovering that he had availed himself of fake input tax credit to the tune of ...

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 ...

“After President Trump's Tax Cuts and Jobs Act, many deductions that previously fell under ‘miscellaneous ... at the end of 2025. Tax provisions including credits and deductions are a shifting ...

These instances were especially highlighted in a recently decided 2008 -case, wherein the Supreme Court (SC) have also clarified that creditable input tax ... credit or refund. However, these ...

Trump delivers remarks at the Republican Governors Association Meeting. by Herb Weisbaum, contributing editor, Checkbook.org TOPICS: There are no new credits or deductions available for this ...