The CBIC is developing an advanced invoice management system to prevent automatic GST mismatch notices, aiming to reduce unnecessary litiga...

Goods and services tax: The Maharashtra GST department has issued a circular which allows GST proper officers to conduct the GST audit proc...

GST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against...

Several prominent Indian companies, including Hindustan Unilever (HUL), ICICI Bank, and LIC, faced tax demands on the eve of the new year a...

Shares of ICICI Prudential settled at Rs 526.55 apiece, up 0.56 per cent over previous close on the BSE. In a separate filing, ICICI Lombar...

Tax experts said this would lead to an increase in litigation over the next three months while hitting cash flows of companies as they woul...

The director general of goods and services tax intelligence has detected around 8,000 cases of fraudulent input tax credit claims and is is...

In a clarification issued to its field formations, the CBIC said if the refund demand or show-cause notice is sent beyond the stipulated pe...

Audits must be completed within a definite timeline to remove business uncertainty. A common audit manual for the Centre and states, instea...

The department has started alerting the winners on the tax compliance dashboard wherever there is a mismatch in income and tax payments. Th...

As per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant ...

The GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from...

Tax authorities have also decided to slot consultant doctors as ‘intermediaries’ for taxation purposes even as medical services are outside...

The mismatch in ITR and service tax returns has come to notice in respect of PANs that are not at all registered under service tax or PANs ...

Businesses deposit GST to the government via submission of GSTR-3B. The credit claimed in this return is provisional and authorities accept...

The effort of this exercise, officials said, is to find out whether the mismatch is on account of genuine errors by the businesses or with ...

Cos, whose final sales return GSTR-1 did not match GSTR-2A, which is a purchase return auto-generated by system from his seller's return, h...