In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...

Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ineligible Input Tax Credit (ITC) availment on Saturday. The Mumbai listed ...

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.

Thus, it is important for taxpayers to adequately substantiate their claims for input tax credits and comply within ... a private English company limited by guarantee. The firm has been recognized ...

The exemption is the gift and estate tax lifetime exemption. The GST Tax Exemption GSTs still serve as tools for high-net-worth individuals to transfer wealth at a lower tax rate even with the ...

Mumbai-listed mining conglomerate Vedanta Ltd on Saturday (February 8) said it has received two orders, dated February 6, from the Office of the Commissioner, Central Goods and Services Tax (CGST) & ...

The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...

Madras High Court set aside the GST assessment order against Winet Communications, which had disallowed Input Tax Credit (ITC) on the grounds of delayed claims under Section 16(4) of the GST Act. The ...

Jamshedpur: The Directorate General of GST Intelligence (DGGI) has intensified its probe into fraudulent Input Tax Credit (ITC) claims through fake invoices. Acting under the guidance of Joint ...

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