An optional, online system to reconcile transaction details for availing GST credit may soon be made mandatory, according to two persons aware of the development. The invoice management system or IMS ...
Paying RCM tax through DRC-03 does not allow ITC claim, leading to permanent loss. The correct method is through GSTR-3B with self-invoice to preserve ...
In a renewed crackdown on tax evasion, the income tax department has started re-examining several previously concluded assessment cases. The reassessment cases are largely focused on businesses ...
Despite tighter enforcement and analytics-driven scrutiny, fake invoices and input tax credit (ITC) frauds under the Goods and Services Tax (GST) regime continue to surface on a large scale. The GST ...
GST stands for Goods and Services Tax. It is a comprehensive indirect tax on the supply of goods and services across India, introduced to replace multiple previous taxes like VAT, service tax, and ...
India reports 24,109 fake GST invoice cases in FY26 to October, with authorities warning of rising fraud via dormant pharmaceutical entities India has uncovered 24,109 fake Goods and Services Tax (GST ...
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the deadline for all public companies and importers for sales tax registration up to August 10, 2025 for integration with the board’s system ...
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