While the GST framework seeks to tax the supply of goods and services, transactions involving land and immovable property ...

Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some ...

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and ...

In the matter abovementioned Hon’ble HC disposed off the writ petition after observing that impugned order traversed beyond the scope of SCN.

Drug maker Glenmark Pharmaceuticals Ltd has received a demand notice of Rs 121.25 crore, seeking tax, interest, and penalties ...

ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...

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

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ... mentioned an incorrect higher GST rate. A credit note is also issued ...

on which GST is paid, but the buyer cannot claim ITC. The SC had distinguished between the words plant 'or' machinery used in this section from the term plant 'and' machinery. The budget ...

For the 2023 tax season, the IRS processed 163,515,000 returns, resulting in an average refund of $3,170, a slight increase from the previous season's average of $3,145. With inflation and ...

The the Internal Revenue Service (IRS) recently announced that it will begin receiving and processing tax returns and refunds for tax year 2024 on Monday, January 27, 2025. Taxpayers can claim ...

Many who overlook the earned income tax credit end up leaving good money on the table by not filing a tax return to claim the credit. The IRS estimates that one in five eligible taxpayers misses ...