Madras High Court held that accumulated Input Tax Credit available under previous regime which the petitioner was unable to utilise. Thus, tax liability discharged in cash during relevant period is ...

Starting April 2025, hotels categorized as ‘specified premises’ are required to impose an 18% Goods and Services Tax (GST) on ...

If a housing society's annual turnover exceeds Rs 20 lakh and an individual flat owner pays over Rs 7,500 per month as ...

BENGALURU: The Ministry of Finance & Corporate Affairs has sought to clear the confusion among apartment owners and resident ...

In a renewed crackdown on tax evasion, the income tax department has begun re-examining several previously concluded assessment cases. These cases are largely focused on businesses suspected of having ...

Visakhapatnam: Pulapaka Anand Kumar, commissioner of the Guntur Central Goods and Services Tax (CGST) Audit Commissionerate, ...

The Supreme Court of India has directed the revenue authorities to allow taxpayers to rectify bonafide errors in the GST returns leading to allowance of input tax credit. The right to correct mistakes ...

Therefore, in case any modification/amendment is required in auto-populated values of Table 3.2 of GSTR-3B, the same can be done only by amending the corresponding values in respective tables of ...

The income tax (I-T) department has begun reopening hundreds of old assessment cases, targeting businesses that may have ...

If you are planning to dine out or a stay at a luxury hotel, get ready to spend a little more than usual. From 1 April 2025, ...

Prime Minister Shehbaz Sharif on Thursday blocked a proposal to waive the 18% sales tax on local supplies of commodities, raw ...

GST revenue triples in less than 8 years, with increased detection of fake invoices and plans for rate rationalization.