Madras High Court held that obtaining GST registration and payment of tax after inspection cannot be said to be voluntary conduct of the assessee. The same amounts to deliberate attempt to evade ...
A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Perhaps overlooked by Canadians amidst a heady week of U.S. President Donald Trump’s further tariff threats and 51st state rhetoric is that the two-month Goods and Services Tax (GST) and Harmonized ...
The Life Insurance Corporation of India (LIC) has received a Rs 105.42 crore demand notice for short GST payment over seven ...
Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...
The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...
In many countries, we pay consumption tax when we buy goods and services from businesses, which then remits the taxes to the ...
A ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy ...
Hyderabad :The state commercial tax department has posted an impressive 17.06 per cent increase in revenues for January, ...
The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...
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