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 ...
Understanding supply rules and ITC conditions under GST can eliminate tax cascading and optimise business cash flow while ...
The parent firm of IndiGo, InterGlobe Aviation, the biggest airline in India by market share, said that it had been fined just over ₹1.27 crore.
IndiGo faces Rs 1.27 crore penalty related to GST input tax credit. The airline will challenge the order, citing it as ...
(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 ...
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IndiGo faces penalty in relation to input tax credit
The fine totalling Rs 1.27 crore is for the July 2017 to March 2018 period.
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 ...
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 ...
Amex cannot claim tax credits that would help it recover GST/HST it paid on rewards program expenses ...
CGST Thane busts Rs 172 crore fake input tax credit racket. Chemical company owner arrested for the scam. Investigation details here.
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