Their only job is to issue fake bills so companies can show higher expenses, reduce taxable income, and wrongly claim GST input tax credit (ITC). Earlier, some of these tax returns were accepted ...

E-invoice and E-waybill are not just procedural requirements rather primary documentation establishing and authenticating the validity of supply involved and material movement respectively. With ...

If you are planning to dine out, get ready to pay more. From April 1, 2025, all hotels that fall under the definition of ‘specified premises’ will charge an 18% GST (goods and services tax) from ...

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Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

Gross GST collection grew 9.9 per cent in March to over Rs 1.96 lakh crore – the second-highest mop-up ever, government data showed on Tuesday. GST revenue from domestic transactions rose 8.8 per cent ...

The new financial year (FY 2025-26) begins on April 1, 2025 bringing significant changes to online payments and GST rates, income tax slabs, bank balances and LPG cylinder prices, TDS and toll charges ...

A likely target for Canada is our tax policies, notably value-added taxes (VATs) such as the federal goods and services tax (GST) and the harmonized sales taxes (HSTs) that most provinces levy ...

The government is gearing up to introduce the Invoice Management System (IMS) under the GST framework, aiming to enhance tax compliance and reduce Input Tax Credit (ITC) mismatches. However ...