Imagine a business that purchases goods worth ₹10 lakh, paying ₹1.8 lakh as goods and services tax (GST) to the supplier ... a missed invoice entry in an online return — the ITC is denied?

Money rule changes from April 1 2025: March 2025 is coming to an end, ushering the beginning of a new financial year from April 1. The financial year 2025-26 will start from April 1, affecting ...

The govt said: "It is noted that varied practices are being followed by the officers in respect of verification of documents ...

ICICI Prudential Life Insurance on Friday (April 18, 2025) said it has received an order from GST Commissioner (Appeals) upholding tax demand of about ₹3.67 crore. On July 2, 2024, Central Goods ...

In an almost surreal turn of events, a man from the small village of Ratanpur in Gujarat's Sabarkantha district has received a tax notice demanding ... "They told me to go to the GST office.

Such hotels will be subject to an 18% GST rate for their restaurant services, along with input tax credit (ITC). Restaurants located outside of specified premises will be subject to a 5% GST rate ...

As a tax consultant, I often encounter the challenge of reconciling B2B transactions and matching invoice-wise details for GST or income tax compliance. To simplify this repetitive and error-prone ...

The FBR had notified that the following registered persons shall transmit sales tax invoices electronically in terms of rule 150Q of its Notification No. 1525(1)/2023 as prescribed under Chapter ...

As Kenya enters the annual tax filing season, the spotlight is on businesses and their compliance with the Kenya Revenue Authority’s Electronic Tax Invoice Management System (eTIMS). Introduced ...

tax evasion, and seeking fraudulent subsidies, China Media Group (CMG) reported. Guangdong Huizhou Gaofushuai Culture Media Co was detected for issuing 1,196 false invoices through shell companies ...

In March 2022, Antojado replaced BSB and account numbers on three tax invoices, redirecting money meant for his employer Gouge Linen and Garment Services to his own personal account. One of the ...

CBIC specifically highlighted that the issue lies with the registration process, stressing that officers must refrain from ...