Input tax credit (‘ITC’) is an entitlement available to the taxpayer-but but but…. of course, upon fulfillment of certain conditions. However, the question which is eagerly seeking an answer is that ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

The case involves Jyoti Tar Products Pvt. Ltd., which challenged the denial of Input Tax Credit (ITC) under the GST regime. The issue arose when tax authorities alleged that the company had claimed ...

A 12-week consultation on e-invoicing in business asked firms and other stakeholders for feedback on topics including different models of e-invoicing, if a mandated or voluntary approach is best and ...

Thane CGST officers busted a ₹140 crore fake GST invoice racket led by Mahamad Sultan Kapadiya, who created 18 dummy firms for fraudulent ITC claims.

Aditya Wicaksono and Yoan Putra Muda of GNV Consulting summarise a regulation aimed at smoothing the transition to the new ...

The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.

Due to higher than normal intake volume, the Canada Revenue Agency is experiencing delays in processing Form T2201, Disability Tax Credit Certificate. We will respond in writing once a decision has ...

The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...

Managing invoices can feel like a hassle for freelancers juggling multiple projects, but it doesn't have to be. Key Takeaways ...