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GST INPUT TAX CREDIT
No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaults- Formal retail credit access doubles over past decade
- Employee wrongly declared Rs 14 lakh Australian salary in Indian ITR: ITAT grants tax relief but denies Rs 3.4 lakh foreign tax credit
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...31 Jul, 2026, 09.55 AM IST
- CBIC readies rules to facilitate filing of multi-state GST appealsThe Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple s...31 Jul, 2026, 01.05 AM IST
- GSTN puts proposed e-way bill changes on hold after industry feedbackGST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry f...30 Jul, 2026, 08.22 PM IST
- Axis, Kotak Mahindra raise charges for overseas card transactionsAxis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms...30 Jul, 2026, 08.08 AM IST
- Delhi Lakshmi Yojana eligibility: Check who can apply for Rs 2,500 monthly aid, who will not qualify and registration starting dateWho is eligible for Delhi Lakshmi Yojana: Delhi cabinet has approved the Delhi Lakshmi Yojana, a scheme promising Rs 2,500 per month to eli...29 Jul, 2026, 02.50 PM IST
- 5 credit cards with complimentary airport lounge access without any minimum spend criteria in 2026: One of them is lifetime freeLooking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or internation...29 Jul, 2026, 11.50 AM IST
- ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat leadCentral GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and l...28 Jul, 2026, 09.26 PM IST
- Varun Beverages shares fall 5% as Q2 margins shrink after Twizza acquisition in South Africa; net profit rises 15%Varun Beverages shares fell 5% after the Pepsi bottler reported a 76-basis-point contraction in Q2 CY2026 EBITDA margin to 27.7%, weighed d...28 Jul, 2026, 01.15 PM IST
- GST panel may consider allowing transfer of unused tax credit within corporate groupsA key GST panel will consider industry suggestions for transferring unutilised input tax credit. Exempting intra-group corporate guarantees...27 Jul, 2026, 11.37 PM IST
- GST notice uploaded only on portal isn't valid service, high courts rule: What it means for taxpayersHigh Courts are questioning GST notice validity when only uploaded online. Punjab and Haryana High Court ruled portal uploads are not valid...27 Jul, 2026, 02.46 PM IST
- AI-led underwriting is the missing link in India’s MSME credit storyIndia’s MSME credit gap sits at Rs 25-30 lakh crore. Of the 87 million registered MSMEs, only 36 million have ever taken a formal loan.25 Jul, 2026, 10.38 AM IST
- India on way to become a global hub for aircraft Maintenance, Repair and Overhaul (MRO): GovernmentIn a written reply in the Lok Sabha, Civil Aviation Minister Kinjarapu Rammohan Naidu said, "The Government has taken various measures to c...23 Jul, 2026, 06.51 PM IST
- Centre panel proposes lower GST on mango drinks with higher pulp contentAn expert panel recommends mango beverages contain 22-25 percent natural pulp. This move aims to revive Totapuri mango pulp demand and farm...23 Jul, 2026, 03.16 PM IST
- Input tax credit relief for companies on staff cars, insurance likelyCompanies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The G...15 Jul, 2026, 01.06 AM IST
- Jubilant FoodWorks gets GST demand notice for Rs 46.9 croreJubilant FoodWorks Ltd has received a GST demand notice for Rs 46.9 crore. The company stated it will challenge the GST department's notice...14 Jul, 2026, 03.12 PM IST
- GST law panel clears proposal to shield buyers' input tax credit from supplier defaultsA GST Council proposal will protect buyers from losing input tax credit. This protection applies if suppliers fail to deposit taxes with th...10 Jul, 2026, 11.56 PM IST
- Biz positive on GST after 9 years; simpler compliance, lesser disputes key focus areas ahead: SurveyThe KPMG in India-FICCI GST Survey said GST has matured considerably through greater digitisation and transparency, creating a more unified...09 Jul, 2026, 05.30 PM IST
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