Rule 86B was introduced under the GST regime to curb fake invoicing practices. It mandates that: “Notwithstanding anything contained in these rules, the registered person shall not use the amount ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...

Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that ...

3. ITC on GST paid on canteen facility is admissible to M/s Troikaa under Section 17 (5) (h) of CGST Act on the food supplied to employees of the company subject to the condition that burden of GST ...

Managing business expenses wisely is crucial, and leveraging the Input Tax Credit (ITC) system under GST can significantly reduce your tax liability. Entrepreneurship is all about smart financial ...

The U.S. International Trade Commission (“ITC”) recently amended its Rules and Regulations, making a number of changes to its discovery ...

Effective February 3, the US International Trade Commission (ITC) amended its Rules of Practice and Procedure governing Section 337 ...

Data sourced from GST Intelligence Wing for written response in the Lok Sabha showed that over 13000 ITC fraud cases came into light during April-January period of current fiscal. The number of ...