The dispute concerned reversal of ITC based solely on mismatch between GSTR-2A and GSTR-3B. The High Court held that failure to consider the CBIC Circular prescribing the procedure vitiated the order ...

The court held that ITC disclosed in the annual return cannot be rejected solely because it was missed in monthly returns. Appellate authorities must give clear reasons before denying such ...

Micro enterprises are defined as businesses with annual turnover of up to Rs 10 crore under the revised MSME norms.

BCAS urges GST Council to extend GSTR-9 and GSTR-9C filing deadline for FY 2024–25, citing major compliance challenges from ...

The company informed the stock exchanges -- NSE and BSE -- that it is reviewing each order and pursuing legal remedies.

The Union government is considering measures to ease the goods and services tax (GST) compliance burden for small businesses ...

The Rajasthan High Court rejected the bail application of the applicants accused of facilitating large-scale GST evasion through online gaming transactions. Justice Sameer Jain stated ...

India’s 73 million MSMEs contribute 30% to the GDP and 45% to the overall exports. The proposed reforms, which follow a cut ...

Attributing this success to a harmonious framework of innovation and vigilance, the Finance Minister highlighted that the Excise and Taxation department has not only surpassed previous benchmarks but ...

Punjab's GST collections up 16% & excise revenue up 8%. Minister Harpal Singh Cheema credits innovation & vigilance for ...