The Tribunal held that no profiteering arose where the ITC-to-cost ratio declined after GST. The key takeaway is that absence ...

Key demands include hike in tax deductions, extending tax benefits to new tax regime for both health and life insurance plans ...

The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence' and not just out of 'suspicion'. The ...

Police register case against suspects for allegedly creating shell companies to fraudulently claim large input tax credits, highlighting ongoing efforts to curb tax evasion through bogus GST ...