The Court ruled that ITC on GIDC charges is allowable where no construction is involved. It also held that Section 74 ...
Courts held that bona fide buyers cannot lose ITC due to supplier non-payment. The key takeaway is that liability cannot shift to the recipient without ...
ITC Limited shares have underperformed both cigarette peers and the broader FMCG pack, as the excise duty hike intensifies ...
GST-led input tax credit loss and weak equity markets may weigh on insurers' Q4 FY26 profitability, with life insurers facing ...
As India commemorates eight years of GST, the business community is increasingly vocal about the need for reforms that enhance working capital efficiency. Reflecting on this, Deloitte’s GST@8 survey, ...
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GST rate cuts from September 22! All you need to know about new tax rates for items - 75 FAQs answered
GST rates slashed for several items! Essential everyday items including roti/paratha, hair oil, ice creams and televisions are set to become cheaper from this month, whilst personal health and life ...
Bengaluru Commercial Taxes Department busts ₹410 crore GST fake invoicing network, one accused held as probe widens into ...
https://www.thehindubusinessline.com/economy/sc-upholds-itc-benefit-for-purchaser-dealer-despite-selling-dealers-failure-to-deposit-tax/article70157243.ece Copy In a ...
VIJAYAWADA: Seeking restoration of Input Tax Credit (ITC), the Andhra Pradesh Star Hotels Association (ASHA) has submitted a detailed representation to Union Finance Minister Nirmala Sitharaman, ...
Life insurers are expected to report a mixed performance in the third quarter. While the GST rate cut is expected to boost premium growth and profitability, margins may come under pressure due to the ...
The DGGI has issued a notice to Infosys for allegedly claiming ₹414.88 crore in improper ITC refunds for services exported between 2018-19 and 2023-24. The investigation suggests the IT giant included ...
LIC may take a small hit due to an increase in provisions linked to Input Tax Credit (ITC). However, the main impact of GST was felt on the expense ratio, while the value of new business (VNB) margin ...
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