The GST regime was conceptualised on the promise of seamless flow of input tax credit (ITC). Section 16 of the CGST Act lays down clear conditions for availing credit. However, in practice, a ...

The High Court set aside a GST order confirming ITC demand under Section 74 as the authority failed to consider the petitioner’s defence based on IBC moratorium. The matter was remanded for fresh ...

Tax experts said the judgment reiterates that refund claims cannot be denied merely because the principal input and output ...

Aurobindo Pharma faces ₹169.83 crore GST demand from Ranga Reddy GST Commissionerate; company challenges order in Telangana ...

ITC shares jumped 3 per cent after reports said that the company has hikes cigarette prices. Analysts said that ITC stock is ...

ITC executive director B Sumant says quick commerce and e-commerce are aligning aspiration with access in FMCG, accelerating premiumisation and reshaping demand through a strong omnichannel strategy ...

MEERUT: In a major crackdown on Goods and Services Tax (GST) fraud, the Directorate General of GST Intelligence (DGGI), ...

The financial expert explained that ITC eligibility today depends on whether documents collectively tell a consistent story ...

Lucknow police busted a GST tax evasion racket worth ₹4.70 crore, arresting three men for causing ₹37 lakh revenue loss to the government.

Cigarette stocks surged on Dalal Street as manufacturers raised prices to offset increased excise duties. ITC, Godfrey ...

Bombay High Court clarifies GST summons under Section 70 are for inquiry, not detention or arrest, easing concerns for ...

The development follows the government’s notification ending the GST compensation cess and initiating a new tobacco tax regime from February 1, moves that could reshape pricing dynamics across the sec ...