The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...

Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

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 ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

The recent amendments in our tax laws have also brought some changes on the rules in claiming refunds of erroneously paid taxes as well as refund of unutilized input Value Added Tax (VAT) attributable ...

Trade associations in Bangladesh are demanding a simpler and investment-friendly tax structure that would ensure sustainable economic growth and broaden tax collection in the country..Leaders of the ...

CNBC Select explains how filing digitally and arranging for direct deposit can speed up your refund by a matter of weeks.

Considering a recent judgment in a similar case, the High Court ruled in favor of the petitioner, provided he deposits 10% of the disputed tax within four weeks. Upon compliance, the assessment order ...

As the end of March approaches, First Richvale Corp. (FRC) underscores the specialized tax benefits and filing methods available to Ontario educators and healthcare professionals. With personal and ...