Section 16(2)(c) of the CGST Act makes Input Tax Credit (ITC) conditional on the supplier actually paying the tax to the government. Judicial precedents from High Courts emphasize that a buyer’s bona ...

With the rollout of GST 2.0 on September 22, smaller vendors across pharmaceutical, textiles and fertiliser sectors, who are likely to face challenges due to accumulation of input tax credit (ITC), ...

Abstract: Chinese Spelling check (CSC) is a traditional NLP task that aims to detect and correct spelling errors in Chinese texts and has a wide range of applications. Most Chinese spelling errors are ...

The Enforcement Directorate is investigating a multi-crore fake Input Tax Credit fraud. Raids were conducted across multiple states including Arunachal Pradesh and Delhi. The probe revealed that large ...

In today’s digital era, GST compliance is very important for every business owner. But sometimes there is confusion after filing the return — “Is my GST return accepted or rejected?” Or “How long does ...

The new GST regime has brought significant relief for buyers of motorcycles with engine capacities up to 350cc. The tax rate on these two-wheelers has been cut from 28% to 18%, directly translating ...

India’s recently announced Goods and Services Tax (GST) reforms mark a turning point in the journey towards achieving universal health coverage. This overhaul of health-care taxation signals a strong ...

Industry says it has no option but to raise the MRP, despite the government's noble intention to make educational products more affordable for the masses. CHENNAI: The recent decision by the GST ...

The Enforcement Directorate (ED) conducted raids across multiple states, including Arunachal Pradesh and Delhi, uncovering a massive ₹650 crore fake Input Tax Credit (ITC) scam. The operation targeted ...

Insurance companies’ chief executives sought some leeway from the Finance Ministry on Wednesday to make an allowance for input tax credits on individual health and life insurance policies, whose Goods ...

GST Drop in Car Prices: Skoda Cars has announced a price reduction for its Slavia, Kylaq, and other models for the Indian market as the government has made GST reductions on the cars. As per Skoda, ...

Up to 90% of blocked input tax credits for businesses has been unlocked after the new goods-and-services-tax structure reduced the input costs of raw materials, according to Rajiv Memani, president of ...