NewsBytes19h
New GST rules effective April 1: Key changes for businesses
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
New GST rule: Input Service Distributor mechanism takes effect from April 1; details here
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...
RetailBiz3d
Does my business need to register for GST?
Businesses with a turnover of less than $75,000 are given the choice of registering for GST because if a business is spending ...
GST-ITC fraud cases surged 41%, amount detected jumped 28% in Apr-Jan over full FY24
Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.
Daily Excelsior4d
GST evasion of Rs 6.31 lakh detected, penalty realized
In a recent crackdown, acting on specific intelligence input, the enforcement team South Kashmir laid a special Naka on ...
The Star7d
E-invoicing set to make life easier
“It is not so complicated compared to the implementation of the Goods and Services Tax (GST) as claimed by some quarters. “E-invoicing is just a shift in the way businesses issue invoices to a ...
Tax Guru2d
ITC on Fake Invoices: Madras HC Remits Case with 25% disputed tax payment Condition
In that case, the Madras High Court remanded a similar matter with conditions, including payment of 25% of disputed taxes. The petitioner claimed to have already remitted the entire tax amount and ...
Tax Guru5d
Allahabad HC Upholds GST Penalty for Goods Without Valid Challan
GST Penalty proceedings are valid, in case of movement of Goods for job work, without valid challan-Allahabad High Court.