The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...
The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...
The 13-member GoM in its report submitted to the GST Council in December had recommended a GST exemption for premiums paid on ...
The Government of India has made a lot of changes in the rules of Goods and Services Tax. Under this, the Input Service ...
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...
Recovery of credit taken based on documents issued by the ‘input service distributor (ISD)’ by subjecting it to scrutiny for ...
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.
The Visakhapatnam zonal unit investigating a major GST evasion case arrested Maddi Prasad, a key individual involved in the ...
5don MSNOpinion
Now accountants will start: oh there is input tax credit. Buddy, someone pays that 18% GST eventually (your end customer; ...
arrested an industrialist from Ambad for evading GST by availing excess input tax credit (ITC) of over Rs 25.2 crore. Officials of anti-evasion branch said that the industrialist was arrested on ...
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