Courts have questioned the practice of denying ITC by calling suppliers “non-existent” while simultaneously taxing outward supplies. The emerging judicial view protects bona fide buyers and rejects ...

With automated notices and strict system validations, even minor GST mismatches can trigger penalties, interest, and blocked returns. Businesses must strengthen ITC reconciliation, filing discipline, ...

If you are planning to import steel in India, the process involves more than just placing an order with a foreign supplier. You need the right registrations, an understanding of customs duties, Bureau ...

All GST-registered businesses will be required to submit digital invoices to the Inland Revenue Authority of Singapore (IRAS) ...

Government today said 7,473 vehicles were seized and more than Rs 16.37 crore recovered as compounding charges in illegal mining cases across Jammu and Kashmir last year, as it rolled out an ...

Indian small and medium businesses lose more time to banking than most owners realise. Many founders and finance teams spend nearly 15 hours a week managing payments, checking balances, reconciling ...

Chandigarh: In a major push towards sustainable agriculture and scientific water management, the State Level Sanctioning Committee (SLSC), under the chairmanship of Haryana chief secretary Anurag ...

Most businesses discover GST risks only when a notice arrives. A quarterly conversation with your tax team, built around six ...

Despite tighter enforcement and analytics-driven scrutiny, fake invoices and input tax credit (ITC) frauds under the Goods and Services Tax (GST) regime continue to surface on a large scale. The GST ...

Most businesses discover GST risks only when a notice arrives. A quarterly conversation with your tax team, built around six simple questions, can prevent investigations, protect input tax credit, and ...

The Belagavi zonal unit of DGGI has exposed a fake input tax credit racket worth Rs 593 crore in. The operation involved issuing fake invoices through shell companies. Mohammad Saifullah, identified ...

GST notices generated by UPI data sparked protests across Karnataka, exposing how data-led enforcement —without context or support — can undermine trust in Digital India ...