The investigation revealed that the company is actively engaged in availing fraudulent Input Tax Credit solely on the basis of invoices without any underlying supply of goods or services. Central GST ...

A key determinant of the size of the consumption booster will be the availability or lack of input tax credits for items and services at the nil or 5% tax slabs. The move to reduce the Goods and ...

A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.

Mumbai: Restaurants and hotel chains expect a boost in their revenues as taxes are set to decrease on hotel rooms priced below ₹7,500 and on crucial inputs such as processed food and utensils. However ...