Harsh Jain, CEO of Dream11, has requested for creation of an independent regulator like SEBI for the online gaming industry.

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 ...

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 ...

The Life Insurance Corporation of India (LIC) has received a Rs 105.42 crore demand notice for short GST payment over seven ...

In many countries, we pay consumption tax when we buy goods and services from businesses, which then remits the taxes to the ...

NEW DELHI: An optional, online system to reconcile transaction details for availing GST credit may soon be made mandatory, according to two persons aware of the development. The invoice management ...

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 ...

Uttarakhand High Court heard a writ petition filed by Rakesh Kumar, seeking relief against the cancellation of his GST registration. The petitioner, running a proprietorship under ‘M/s Durga Gift and ...

The case pertains to Section 17(5) of the GST Act which limits the eligibility for Input Tax Credit (ITC) for any item listed under the section. Read more on the proposed amendment here.