Courts held that bona fide buyers cannot lose ITC due to supplier non-payment. The key takeaway is that liability cannot shift to the recipient without ...

Madras High Court held that section 76 of the Central Goods and Services Tax Act, 2017 are not applicable since GST component is already remitted by GAIL [transmission vertical]. Accordingly, ...

PRAYAGRAJ: Expressing concern over harassment of dealers in the garb of the GST Act, Allahabad high court has ruled that when the actual movement of goods has been proved by the assessee and the same ...

In Private Letter Ruling 201921012 (May 24, 2019), the Internal Revenue Service concluded that a taxpayer’s election to opt out of the automatic allocation of generation-skipping transfer (GST) tax ...

Prime Minister Narendra Modi on Monday said the next generation GST reforms will boost savings and directly benefit every section of society, as he asserted that it is imperative to walk on the path ...

The Goods and Services Tax (GST) framework has robust enforcement mechanisms, one of the most impactful being the provisional freezing of bank accounts during investigations relating to suspected tax ...