The Supreme Court recently underscored the need for the Central Board of Indirect Taxes and Customs to fix realistic ...

Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.

S Sriram and Dinesh Kukreja of Lakshmikumaran and Sridharan examine the tax consequences of foreign business reorganisations ...

It emphasized the need for CBIC to reconsider the rigid timelines imposed for rectifying bonafide errors in GST filings. The Court highlighted that denying input tax credit (ITC) due to clerical ...

Those withdrawing funds from IRAs or 401(k)s would see indirect benefits, as taxable withdrawals can push middle-class retirees above taxation thresholds. “There are lots of people who would pay ...

The Supreme Court has directed the CBITC to re-examine the GST filing correction timelines, emphasizing that clerical errors ...

Other countries have relatively lower indirect taxes, such as UAE (5%), Australia ... burden is disproportionately high compared to the benefits taxpayers receive, particularly in infrastructure ...

The Lok Sabha passed the Finance Bill 2025 on Tuesday, with Finance Minister Nirmala Sitharaman stating that the government ...

Karnataka Congress government's two-year tenure brings welfare schemes but also tax hikes, raising financial concerns for ...

and other taxpayer and tax professional associations, conducted a seminar on the amnesty schemes announced by the Central Board of Indirect Taxes and Customs (CBIC) recently. The Assistant ...