The CBIC has directed tax officials to release 90% of GST refund claims on a provisional basis to address liquidity issues under the inverted duty structure, following the recent GST rate rationalisation.
A CAG audit has exposed serious deficiencies in the GST e-way bill system, including duplicate bill generation, invalid taxpayers using the portal, and weak validation controls, urging immediate corrective action.
The Gujarat SGST Department has booked Jamnagar-based CA Alkesh Pedhadiya for his alleged role in a Rs 560 crore fake billing racket involving Rs 112 crore fraudulent ITC claims through 14 bogus firms.
NITI Aayog's new paper urges decriminalising minor offences under the Income-tax Act, 2025, to promote trust-based tax governance. Learn how the proposed reforms aim to simplify compliance and reserve prosecution only for serious tax evasion cases.
Assam GST officials arrest businessman Ujjwal Kumar Agarwal for a Rs 12 crore fake ITC racket linked to bogus billing and tax evasion through M/s BKS Enterprises.
Centre considers allowing refunds of unutilised ITC on capital goods under GST’s inverted duty structure, aiming to ease liquidity and support manufacturers.
GSTN issues an advisory for taxpayers facing "System Failure" and "Schema Validation Failed" errors while filing GSTR-7. Learn the step-by-step solutions and alternate filing methods to ensure smooth GST compliance.
In response to recent media reports, Infosys Ltd. has clarified that there is no tax demand currently raised against the company and that a writ petition challenging the Directorate General of GST Intelligence's (DGGI) show-cause notice is pending be
ITAT Mumbai rules that TDS credit cannot be denied solely due to mismatch in Form 26AS; upholds Section 205 protection preventing double taxation and directs tax officers to rely on primary evidence.
FHRAI President warns that the withdrawal of GST Input Tax Credit has increased costs for hotels, especially in Tier II and Tier III cities, urging the government to reinstate ITC and address copyright and compliance issues.
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