The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...

Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ...

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

Summary: The eligibility of Input Tax Credit (ITC) on construction of immovable property under Sections 17(5)(c) and 17(5)(d) ...

InterGlobe Aviation Ltd (IndiGo) says it has fined Rs115.86 crore by goods and service tax (GST) authorities from Delhi and ...

It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...

The government’s Viksit Bharat vision is reflected in the Union Budget with a persistent focus on ‘Make in India’, export ...

Budget 2025 focuses on boosting consumption by providing tax breaks to the middle class—a welcome relief for the sector and ...

The concept of sin tax in India was introduced as a part of goods and service tax (GST) in 2017. In India ... the government has put a high tax on tobacco products. For example, cigarettes have a tax ...

The current GST regime poses significant challenges for the real estate sector, particularly due to the lack of Input Tax Credit (ITC). Developers are unable to claim ITC on materials like cement and ...