Chennai:Tamil Nadu recorded an 11.59 percent growth in GST tax revenue as against the national growth of 11.59 percent, it ...
The RITC allowed funds or platforms to claim a rebate from the GST applied to financial advice fees from 2.5 per cent to 10 per cent. This meant that when a $1000 advice fee resulted in $100 of GST, ...
The Himachal Pradesh High Court has dismissed a writ petition challenging notifications issued by the Central government for levy of GST on Royalty paid by a Mineral Concession Holder for mining ...
The GST inspection focused on reported mismatches between GST return filings in forms GSTR-3B and GSTR-2A across the ...
State-owned Hindustan Copper Ltd (HCL) on November 11 reported a 67.4 percent rise in consolidated net profit to Rs 101.67 crore for the quarter ended September 30, 2024, on the back of higher revenue ...
The GST department has launched a crackdown on more than 1,000 suspicious firms in Madhya Pradesh, unveiling tax evasion worth Rs 124 crore and freezing Input Tax Credit (ITC) worth Rs 25 crore.
Madras High Court remanded the matter back for reconsideration with condition to remit 5% of disputed tax demand since the tax proposal was confirmed because the tax payer did not appear for the ...
Madras High Court remitted the matter of imposition of GST on entire differential turnover since petitioner failed to ...
The new Invoice Management System (IMS) in the GST portal is designed to significantly reduce Input Tax Credit (ITC) discrepancies and associated litigation risks. Set to launch on November 14, 2024, ...
Observing “citizens cannot be taken for a ride”, the Supreme Court on Monday refused to entertain an appeal of the West Bengal government against an arbitral award that asked it to pay a ...
A politician has warned the planned introduction of a goods and services tax (GST) is likely to be set at 8% and not 5%.
The scheme, involving fake invoices and fraudulent GST claims, is reported to have resulted in a loss of ₹6 crore to the ...