The state Goods and Services Tax (GST) department has launched a 10-day focused drive across all eight districts of the Chh.
The Calcutta High Court in a matter concerning non-disclosure of Cess in monthly return GSTR-3B which came to be rectified by ...
ITC cannot be mechanically denied to purchasers even if invoices are missing in GSTR-2B. Key takeaway: the ruling safeguards ...
The Andhra Pradesh High Court has held that a best judgment assessment passed under Section 62 of the Central Goods and Services Tax Act, 2017 stands deemed withdrawn once the registered ...
The Centre has released all provisional GST compensation for FY 2017-22, with Arunachal Pradesh and Manipur awaiting AG-certified final figures. Timely payment ensures states receive full compensation ...
The Ministry of Finance, responding to a question in the Rajya Sabha, disclosed that over 55,000 cases of fake invoicing and ITC fraud have been detected between FY23 and the current year, with tax ...
Did you know that businesses have just 21 days to complete their GST registration once they reach the $75,000 turnover threshold? Many business owners struggle with GST registration requirements.
The court held that bona fide buyers are entitled to an opportunity to establish the genuineness of their transactions and tax payment before ITC is denied, ensuring that supplier side lapses do ...
The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...
CBDT flagged wrongful claims on donations to political parties, trustsLaunch campaign to nudge taxpayers to revise, correct return filings The Central Board of Direct Taxes (CBDT) has flagged bogus ...
The standard deduction has been super-sized for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim an additional $6,000 without itemizing, thanks to tax ...