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.

Currently, unless two-thirds of its voters “opt out” of the state’s property tax limit, a local government can only ask for 3 ...

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.

Accounting automation solutions provider Digits announced the release of an AI-guided invoice automation solution. Join our ...

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

David Kindness is a Certified Public Accountant (CPA) and tax expert: “Creating a VAT invoice isn’t complicated once you know ...

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

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who ...

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 ...