Businesses benefit from Senate changes that would make permanent a series of breaks that had been offered only temporarily in ...

Tata Steel has received a ₹1,007 crore GST show cause notice for alleged irregularities in input tax credit claims between ...

Tata Steel has been issued a show cause-cum-demand notice by tax authorities over an alleged irregular availment of input tax ...

The latest version of President Donald Trump’s “big beautiful bill” provides larger tax credits to semiconductor manufacturers building plants in the U.S.

Allahabad High Court invalidates GST order for lacking survey report, hearing, and notice of judgment pronouncement, upholding natural ...

House GOP plan to raise child tax credit adds citizenship provisions. The bill would boost the tax break to as much as $2,500 but end it for children of undocumented immigrants and married parents ...

How the child tax credit works. For 2025, the tax break is worth up to $2,000 per qualifying child under age 17 with a valid Social Security number.

The tax department has directed Tata Steel to explain, within 30 days, why GST amounting to ₹1,007.54 crore should not be ...

The Sikkim High Court has ruled that businesses are eligible for refunds on unutilised input tax credit (ITC) even after discontinuing operations. This decision came after SICPA India, a security ...

Under the GST regime, prosecution refers to the launch of criminal proceedings against individuals or entities involved in ...

The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, Republican Senator John Curtis of ...

Under current law, the maximum child tax credit is $2,000, which will revert to $1,000 after 2025 without action from Congress. Both House and Senate proposals would increase the top credit, but ...