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The Enforcement Directorate (ED) has uncovered a Rs. 700 crore fake ITC scam involving bogus invoices, fake firms, and misuse of the GST system across multiple states.

ED Busts Rs. 700 Crore Fake ITC Scam: Fake Firms, Bogus Invoices, and GST Misuse Exposed

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Notifications

The MCA has added a background note and a questionnaire to understand the difficulties faced by Indian Firms, on which it has asked the public to give their suggestions.

MCA Invites Public Comments on Setting up Multi-Disciplinary Partnership Firms

The CBIC has made it clear that the insurers cannot claim input tax credit (ITC) on the services such as broking and commission.

Insurers Cannot Claim ITC on Brokerage: CBIC Issues Notification

The goods covered under each tax rate are listed in Schedules I to VII of the notification, along with their HSN codes.

Revised GST Rates: Ministry of Finance Announces New GST Slabs

This method helps the authorities to find such potential cases using a clear, systematic, and data-driven framework

CBDT Notifies Best Practices SOP for Assessing Capital Gains on JDAs u/s 45(5A)

The Income Tax Return (ITR) due date may have passed, but taxpayers still have options. Know the deadlines, and costs of belated return filing.

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ED Busts Rs. 700 Crore Fake ITC Scam: Fake Firms, Bogus Invoices, and GST Misuse Exposed

MCA Invites Public Comments on Setting up Multi-Disciplinary Partnership Firms

Insurers Cannot Claim ITC on Brokerage: CBIC Issues Notification

Revised GST Rates: Ministry of Finance Announces New GST Slabs

CBDT Notifies Best Practices SOP for Assessing Capital Gains on JDAs u/s 45(5A)

Belated Return Filing: Deadlines, Fines, and What Taxpayers Should Know