When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
The Goods and Services Tax (GST) regime in real estate has always been a complex web for homebuyers, developers, and investors alike. However, the GST Council’s recent rate cuts on key construction ...
As part of a broader overhaul of the GST framework, the government is reportedly considering a sharp reduction in tax on insurance premiums. A steep cut in the goods and services tax (GST) on health ...
GST officers detect Rs 15,851 crore fake ITC claims in April-June; 3,558 bogus firms busted, 53 held
NEW DELHI: GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the ...
GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of ...
Fast-moving consumer goods (FMCGs) are in action today as the GST Council has approved a two-slab structure, which will result in the reduction of a wide range of FMCG products. The new GST slabs will ...
Diversified conglomerate ITC on Thursday said it will pass on the full benefits of the GST rationalisation to customers across applicable non-cigarette FMCG products. “The Government’s Next Generation ...
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