There is no legal restriction on the time of issuing a credit note; however, it must be reported in GST returns within a specified period, typically by November 30 of the following financial year or ...

March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward ...

In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...

Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.

The EU Commission has proposed changes and partial delays to its carbon tax on imports of fertiliser and steel, known as the Carbon Border Adjustment Mechanism (Cbam), and the UK is facing ...

Ana Tris had to retire early from her lucrative corporate job because as an only child, the care for her mother required her full attention. But it also requires two hired caregivers to help Tris ...

The Kerala High Court recently held that the finding that principles of natural justice need not be followed during an adjudication under the provisions of the CGST Act is untenable.The Court was ...

The Congress has alleged that the new Income Tax Bill, 2025, grants tax authorities sweeping powers to access taxpayers' emails, social media, and bank accounts, raising privacy concerns and ...

LAS VEGAS (KTNV) — If your home is more than a decade old, you might be paying hundreds more in energy bills than necessary. But there’s good news—a federal tax credit could help homeowners ...

On 13 February, finance minister Nirmala Sitharaman introduced the much-awaited bill to replace the existing Income-Tax Act, 1961. Among the changes proposed in the Income-Tax Bill, 2025, a ...

Idaho parents with children enrolled in a private or homeschool may be eligible for a new refundable tax credit. Idaho Gov. Brad Little signed the Parental Choice Tax Credit program into law on ...