ED conducts multiple raids in ₹658 cr-worth fake GST input tax credit case

ED conducts raids across multiple states in a ₹658 crore fake GST input tax credit investigation involving fictitious firms.
Tax Guru

GSTAT Mandated Uniform Per-Square-Foot Benefit for All Flats in GST Profiteering Probe

The tribunal accepted an area-based methodology for computing profiteering in a housing project, rejecting turnover-linked ...
Tax Guru

Direct GST Interest Recovery from Bank Quashed for Lack of Adjudication – ITC Misuse Case

The Court held that interest under reverse charge cannot be recovered without prior adjudication. Coercive recovery was set ...
Business Line

Experts flag input tax credit blockage for FMCG distributors despite GST relief

The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...

Ajit Ranade: India’s budget should sort out GST’s input tax credit system to perk up private investment

The recent GST reset of slabs and rates was welcome, but not enough. Removing anomalies in GST’s input tax credit system ...
The Financial Express

Many insurance portfolios still left for insurers to avail input tax credit, says FM Sitharaman as she defends nil GST

Many insurance portfolios still left for insurers to avail input tax credit, says FM Sitharaman as she defends slashing GST to zero (AI-generated image) Defending the GST Council’s move to bring down ...

HDFC Life Q3 preview: Double-digit APE growth likely in Q3; input tax credit loss to weigh on margins

HDFC Life’s December quarter results may show strong APE growth, offset by margin impact from input tax credit loss ...