India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC ... or has mentioned an incorrect higher GST rate. A credit note is also issued when goods are ...

Investigators have identified two main facets of the fraudulent scheme. First, a Rs 665 crore scam involving fake input tax ...

The DGGI’s Bengaluru zonal unit conducted searches at more than 30 locations across Bengaluru and Mumbai, uncovering a ...

Bhubaneswar: The Directorate General of GST Intelligence (DGGI) of the Bhubaneswar Zonal Unit has arrested three persons for ...

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...

In a sweeping investigation, the Directorate General of GST Intelligence in Bengaluru unearthed a Rs 3,200 crore fraud, arresting two individuals with a third suspect at large. Bogus firms were ...

The Directorate General of GST Intelligence (DGGI ... and facilitated the fraudulent availing and passing of fake Input Tax ...

The Directorate General of GST Intelligence (DGGI) uncovered a Rs 3,200 crore GST fraud, arresting two individuals. The ...