Government of India's Ministry of Commerce & Industry makes key amendments to Para 4.10 (i) of the Handbook of Procedures, impacting Input Tax Credit on GST paid materials. The post Amen… Read More

Explore challenges faced by GST taxpayers due to incorrect interpretation of law, disallowance of input tax claims, and need for an amnesty scheme. The post GST Input Tax Credit Claim: Probl… Read More

Explore the judgment from the Allahabad High Court in the case of Malik Traders vs. State of U.P. The court upheld the denial of input tax credit due to insufficient evidence, highlighting t… Read More

New Delhi, Oct 18 (IANS) The Directorate General of GST Intelligence (DGGI) has detected a total of 1,040 fake input tax credit cases involving Rs 14,000 crore in the current financial year… Read More

 Operating a small business is a formidable task, primarily due to the constraints of limited resources, encompassing financial, time, and staff. These constraints often challenge s… Read More

In the Mahalaxmi Exports vs. Commissioner of Delhi GST case, Delhi High Court directs the processing of Input Tax Credit (ITC) refund within the stipulated time. The post Period from March 1… Read More

GST is also known as Goods and Service Tax which is applicable for every individual or commercial entity that provides services or supplies goods in India. [GST] became mandatory especially… Read More

GST Council met for 52nd time on 7th October, 2023 under the chairmanship of Hon’ble Finance and Corporate affair minister. GST Council discussed various aspects such as Amnesty Scheme… Read More

Trade Facilitation measures Amnesty scheme for appeal filing till 31st January 2024 > Who will it benefit? Taxable persons > who could not file an appeal against a demand order passed… Read More

New Delhi: Financial services secretary Vivek Joshi on Tuesday met private sector general insurance companies and discussed critical issues that have implications for the general ins… Read More

MUMBAI : India’s gold trade is staring at a potential loss of ₹6,000 crore this festival season as authorities clamp down on transport of the precious metal in poll-boun… Read More

The Company Secretary Course is offered by Institute of Company Secretaries of India. It is basically a distance learning course, although very popular among the commerce students. It is a p… Read More

Explore how non-filing of GSTR-3B by suppliers affects Input Tax Credit (ITC) and implications of Rule 37A in context of GST law. The post Reversal of ITC on Non-Filing of GSTR-3B by Supplie… Read More