Courts are divided on whether Input Tax Credit can be denied to a bona fide recipient due to supplier non-payment. The issue raises serious concerns of arbitrariness and constitutional validity under ...

Input Tax Credit, intended as GST’s backbone, has become a major litigation driver due to strict conditions like supplier tax payment requirements and procedural mismatches. Courts continue to grapple ...

(RTTNews) - Reliance Industries Limited (500325, RELIANCE) has received an order from the Deputy Commissioner of State Tax, Jamnagar, India imposing on the company a penalty of Rs. 1.11 crore alleging ...

The Central Board of Indirect Taxes and Customs (CBIC) has issued a set of FAQs post GST rejig to offer clarification on the taxation of various goods and services when the restructured tax system ...

For the same, the company faces a GST demand of Rs 492.06 crore along with an equal penalty of Rs 492.06 crore, making it Rs 984.12 crore, excluding interest.

Amex cannot claim tax credits that would help it recover GST/HST it paid on rewards program expenses ...