GSTN shares solution for claiming the correct amount of input tax credit (ITC) despite incorrect ITC details auto-populated ...

Gauhati High Court held that petitioner is entitled to claim input tax credit subject to conditions prescribed to newly inserted section 16 (5) and section 16 (6) of the CGST Act, 2017 which are ...

Summary: The Central Board of Indirect Taxes and Customs (CBIC) clarified the GST compliance for schemes like “Buy One Get One Free” (BOGO) and secondary discounts through a circular issued on March 7 ...

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences ...

The GST department has launched a crackdown on more than 1,000 suspicious firms in Madhya Pradesh, unveiling tax evasion worth Rs 124 crore and freezing Input Tax Credit (ITC) worth Rs 25 crore.

Previously, this 30-day requirement only applied to businesses with an AATO of Rs 100 crore or more. However, beginning in ...

Governor Mike Parson said he is doing everything he can to make it a smooth transition to the next administration. Parson ...

At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to ...

Likewise, buyers might encounter challenges in claiming input tax credits, affecting their refund eligibility. Even in GST-exempt scenarios where no tax or input credit is applicable, timely ...

Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...

seeking to help taxpayers claim input tax credit (ITC) and reduce disputes. Invoice data entered by sellers in a specific ...

Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act ...