Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.

In a major relief to goods and services tax (GST) payers, the government is likely to amend Central GST (CGST) Rules, allowing recipients of goods and services up to two months to accept or reject a ...

Bombay High Court held that registered person making a zero rated supply under LUT may claim refund of unutilized credit including that of Compensation Cess. Accordingly, refund of compensation cess ...

While lower GST could help increase penetration of insurance, some experts call for controlling medical inflation as well ...

IndiGo on Friday said it is facing a penalty of Rs 1.30 crore in relation to input tax credit in Gujarat and evaluating ...

The GST Council has asked the Insurance Regulatory and Development Authority of India (IRDAI) to provide recommendations on ...

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 ...

Input Service Distributor has to compulsorily register as “ISD” apart from its registration under GST as a normal taxpayer.

Nashik: The anti-evasion branch of central goods and service tax (CGST) and central excise, Nashik commissionerate, arrested ...

"The company believes that it has accurately availed input tax credit and has merits in its case. Accordingly, the company is evaluating necessary legal recourse under the applicable law ...