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GST INPUT TAX
No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaults- India ready for a premium wealth show while US missiles rattle the world
- 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 PAN
- 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
- 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
- Tata Consumer preps F&B push for post-weight-loss needsTata Consumer Products is developing new foods and beverages to address weight loss side effects. These products will help consumers supple...29 Jul, 2026, 11.24 AM IST
- Varun Beverages shares jump 3% after Q1 PAT rises 15%, revenue grows 20%Varun Beverages reported a 15% profit and 20% revenue increase in Q1 FY2027. Consolidated sales volumes grew by nearly 20% driven by India ...29 Jul, 2026, 10.35 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
- 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
- Food giants focus on the fine print to serve you rightIndian consumers are increasingly looking beyond prices and focusing on product labels, ingredients and nutrition details while making food...15 Jul, 2026, 05.21 PM IST
- Life insurers seen posting mixed Q1 nos, health players likely to outperformLife insurers anticipate slower premium growth amid economic uncertainty and geopolitical tensions. Health insurers are poised for strong p...15 Jul, 2026, 07.20 AM 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 Tax officer can allege fraud first and prove it later, Rules Madras High Court; Why this matters to every taxpayerGST officers can now issue fraud notices with a reasonable basis. Proof of fraud is not required at the initial notice stage. Businesses mu...13 Jul, 2026, 10.32 AM 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
- Beyond refunds: Why GST 2.0 is a growth enabler for MSME exportersLiquidity alone won’t close the credit gap that most Indian MSME exporters face. This is where GST 2.0 has its most underappreciated impact...01 Jul, 2026, 12.52 PM IST
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