A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage ...

GST Major Amnesty Scheme u/s 128A No Interest No Penalty for FY 2017-18, 2018-19 and 2019-20 ...

The GST department has asked HDFC Bank and ICICI Bank to provisionally attach the operative bank accounts of Awfis over ...

The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs 1,196 crore following raids at multiple locations in Pune, Delhi ...

In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

The Government of India has clarified that there is no plan to roll back the imposition of the Goods and Services Tax (GST) on leased properties, despite concerns over its financial burden on tenants ...

The case pertains to Section 17(5) of the GST Act which limits the eligibility for Input Tax Credit (ITC) for any item listed under the section. Read more on the proposed amendment here.

Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ineligible Input Tax Credit (ITC) availment on Saturday. The Mumbai listed ...

It will prevent scenarios where the supplier claims a reduction in its GST liability, owing to the credit note, but the buyer continues to avail of the corresponding ITC. This results in a double ...