The IVPA is urging the government to remove restrictions on tax credit refunds implemented in July 2022, arguing that these curbs are creat...

As India marks eight years of GST, businesses urge reforms to boost working capital efficiency. A Deloitte survey reveals growing confidenc...

GST authorities have issued show cause notices to several property developers, questioning roughly ₹3,500 crore in input tax credit claims ...

The changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. Businesses must ta...

The long-awaited requirement to set up a Tribunal under GST law was also deliberated, and the Council has recommended to set up a ministeri...

The 30-share pack Sensex logged its best day in 3 months as the benchmark advanced 1,344.63 points or 2.54 per cent to close at 54,318.47. ...

Despite early hiccups, overall progress during the last four years has helped India achieve the ambitious government’s aim of bringing in e...

An amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for the exporter...

Sources said the rule applies only to about 45,000 taxpayers out of the GST taxpayer base of 1.2 crore and genuine dealers and businesses w...

The government's decision on mandatory payment of at least 1% of GST tax liability in cash will impact only around 40,000 to 45,000 taxpaye...

“... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in ...

Holders of advance authorisation licenses were entitled to import raw materials without payment of integrated GST and rebate of IGST. The g...

Experts feel that the exporters' entire focus should not be reliant on government measures alone.

In a high-volume, low margin business like shipping, even a 5 percent cost disadvantage can dent the competiveness of domestic shipping bus...

India today is globally the top outsourcing destination accounting for more than half of the market share.

Government has asked those with pending refunds to approach their jurisdictional tax authority for disposal of any of their refund claims s...

The cash will be used to buy stock in PSUs & help the govt's Rs 40000 cr divestment programme for the fiscal year that ends in March.