You now have less than six months to claim a tax break for a heat pump, solar panels, and other expenses to make your abode ...

President Donald Trump signed his "big beautiful" spending bill into law on July 4.

The Directorate General of GST Intelligence (DGGI), Chandigarh Zonal Unit, has busted a network allegedly involved in generating fraudulent input tax credit (ITC) through the issuance of invoices ...

As the legislative session neared its end, Washington state lawmakers approved a controversial bill over the weekend imposing a new tax that will impact Tesla.

Real estate company Max Estates Ltd has received a show cause notice from the GST department for recovery of ₹2.25 crore related to input tax credit (ITC) ...

The GSTR-2B (input tax credit) statement will now be generated two days later on Thursday, January 16, from the originally scheduled date of January 14, for the December 2024 tax period.

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IndiGo is facing a penalty regarding input tax credit in Gujarat and is evaluating necessary legal recourse. The Assistant Commissioner of State Tax, Ahmedabad, has imposed a penalty of ₹1,30 ...

IndiGo, India's leading airline, has been fined Rs 1.30 crore by the Joint Commissioner, Corporate Circle, Ahmedabad, Gujarat, concerning input tax credit claims for the financial year 2020-21.

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into ...

Input tax credit gets blocked under GST exemption because insurers cannot offset taxes paid on business expenses, increasing their costs. At present, life and medical insurance premiums attract an ...

MUMBAI: Availability of credit for taxes paid on inputs - be it goods, such as raw material, or services for setting off against Goods and Services Tax (GST) liability plays an important role in ...