Between July 2017 and December 2024, 1,386 cases of GST evasion were recorded in Punjab, involving approximately ₹6,454 crore. Authorities arrested 72 individuals linked to thes ...

Union Finance Minister Nirmala Sitharaman will present her eighth straight budget on Saturday. From tax relief and job ...

In GST, the importance of reconciliation has increased multi-fold due to the compliance process that law brings in along with its legal provisions. The compliance process in GST generally requires ...

Governance, released by the Bureau of Indian Standards (BIS), has sparked concerns over its broad definitions and ...

At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many ...

News: Alternatively, the Government may consider the suspension of the USO contribution of 5% of AGR, till the existing USO ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...

The late filing penalty may be higher if the CRA issued a demand to file the return and assessed a late filing penalty on a return for tax year 2021, 2022 or 2023. If you have a balance owing for 2024 ...

Under GST, GSTIN of the supplier is mandatorily required to be mentioned in the tax invoice along with a consecutive serial number that is unique for each financial year. Hence, businesses must adopt ...

Getty Images / alvarez A bill of lading provides evidence of a contract between a shipper and a seller. It details what is being shipped, who the buyer is, and their location. A bill of lading ...

It is mandatory for a person undertaking reverse charge transactions to register for GST. Reverse-charge mechanism is a provision where the liability of tax is on the receiver of goods, and not the ...

Suppose the invoice is uploaded, and the person also takes it, even then, this problem will arise. Because you yourself will later on find out that the GST registration is incorrectly given." ...