The Court ruled that denying ITC for supplier non-compliance results in cascading tax. Authorities must ensure GST taxes only value addition and not penalise genuine ...
Higher thresholds, quarterly returns, waived registrations, and faster approvals were introduced to ease MSME compliance. The ruling stresses simplification as a tool for economic ...
The government’s GST Intelligence body found that fake invoices were used by two Instakart vendors who are engaged in manpower supply Instakart has claimed that transactions with the vendors were ...
Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by CBIC. This aligns with the new GST structure ...
Two Dimapur traders arrested for issuing fake GST invoices worth over INR 11 crore; fraudulent ITC and non-existent firms ...
India's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap ...
The Ministry of Finance, responding to a question in the Rajya Sabha, disclosed that over 55,000 cases of fake invoicing and ITC fraud have been detected between FY23 and the current year, with tax ...
The court held that bona fide buyers are entitled to an opportunity to establish the genuineness of their transactions and tax payment before ITC is denied, ensuring that supplier side lapses do ...
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Pre-budget expectations: Industry urges GST 2.0 boost to simplify credit, reduce dispute
Industry has urged the government to accelerate GST 2.0 reforms in Budget 2026, calling for rate rationalisation, reduced ...
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