TIL Creatives Government clarifies no bank, NBFC, regulated entries can collect GST on penal charges on ... It is hereby clarified that no GST is payable on the penal charges levied by Regulated ...

In the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and ...

The company had accrued input tax credits from purchase of building materials, and wanted to adjust the credit with GST payable on leasing the company. In other words, infrastructure companies ...

Where the registered person has claimed depreciation under the Income Tax Act, GST is payable only on the value representing the margin of the supplier i.e. the difference between consideration ...

Ltd., the Gujarat Appellate Authority for Advance Ruling (AAAR) reviewed the GST classification and applicable tax rate for ...

The recent case law developments provide significant insights into GST appeal timelines, refund claims, and procedural ...

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries. The publication, Audit Focus: Journal Entries, noted that ...

Global telecom major Vodafone Idea Limited has been ordered to pay a penalty of Rs 16.96 crore for alleged non-payment of GST under the reverse charge mechanism. The GST demand order was passed ...

In a filing with Bursa Malaysia yesterday, SP Setia said the tax exemption would be pursuant to item 1(1) of the first schedule of the GST (exempt supply) order 2014. Cancel anytime. No ads.