India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...

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 ...

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

Bhubaneswar: The Directorate General of GST Intelligence (DGGI) of the Bhubaneswar Zonal Unit has arrested three persons for ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC ... or has mentioned an incorrect higher GST rate. A credit note is also issued when goods are ...

The law enforcement agency found during the probe that the prime accused had issued many fraudulent invoices to various ...

The DGGI’s Bengaluru zonal unit conducted searches at more than 30 locations across Bengaluru and Mumbai, uncovering a ...

The Directorate General of GST Intelligence (DGGI ... and facilitated the fraudulent availing and passing of fake Input Tax ...

The accused were earlier arrested by Itanagar Police from Darbhanga in a forgery case on a complaint lodged by the CGST ...

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...