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 ...

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 ...

Delhi regarding excess ITC availed, LIC said in a regulatory filing. The financial impact of the demand is to the extent of the GST (₹31,04,35,201), Interest (₹23,13,21,002) and Penalty (₹3 ...

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

Higher tobacco leaf prices have eroded cigarette makers' margins, and a potential GST hike threatens to reverse ... will remain subdued in Q4 (for ITC)," said Devarsh Vakil, head of prime research ...

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 ...

The annual GST 'carve up' sees billions in tax dollars allocated to states and territories based on their relative need and ability to raise revenue. Since the GST's inception in 2000, premiers ...

Add articles to your saved list and come back to them any time. The Albanese government is facing demands for another overhaul of the way the GST is shared after the Commonwealth Grants Commission ...

"Why the PAP went headlong and headstrong into raising GST and thereby turbocharging inflation further, is something only the PAP itself can answer to Singaporeans for." In his speech, Mr Singh ...

Add articles to your saved list and come back to them any time. The cost to federal taxpayers of placating West Australians angry over the carve-up of the GST is on track to reach $60 billion as ...

The rise of quick commerce has caused a significant decline in the sale of food, beverages and confectionery in urban centers, as 52 per cent of physical store retailers reported experiencing the ...

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed eleven power distribution companies (Discos) to collect 18 per cent sales tax on the gross value of electricity supplied and rejected the ...