Kerala High Court granted bail to Nassar, accused of fraudulently availing Input Tax Credit (ITC) under the GST Act by using invoices from dummy registrants without actual receipt of goods. Arrested ...

The government's amendment to the Finance Bill 2025 overrides the Supreme Court's 2024 ruling and disallows input tax credit ...

India's retail sector anticipates GST reforms and government-backed incentives to support sustainable products in the ...

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...

Some of the measures that we look forward to include lower GST rate for small-scale coworking clients as this will ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

CGST Commissionerate arrests person for ₹227 crore fake input tax credit fraud, passed on credit to own units.

The Indian food services sector is set for substantial growth, with a projected compound annual growth rate (CAGR) of 8.1 per cent between 2024 and 2028, driven by rapid urbanisation, a rising younger ...

Industry leaders are pushing for tax benefits, a broader definition of affordable housing, and reduced GST rates in the ...

As Union Budget 2025 approaches, real estate stakeholders are urging the government to introduce key reforms, particularly in ...

would struggle with working capital due to the requirement to pay 18% GST without the ability to claim input tax credit (ITC). Chartered accountant Karim Lakhani said, "The rule created huge working ...

Most insurance firms expect an increase in tax deduction limits for policyholders under section 80C for life insurance ...