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

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

Srinagar headquartered private sector bank Jammu and Kashmir Bank hit with w whopping Rs 16,322-crore GST demand notice including Rs 81,130 crore tax liability and applicable penalties with interest ...

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 ...

ABC Ltd would be obliged to pay XYZ Bank Ltd an equity upside payment in an amount equal to 50% if there is any disposal of investments. What would be the journal entry to book for in ABC Ltd ...

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

Restaurants can claim ITC on GST paid on business inputs (raw materials, rent, utilities, etc.) to offset GST payable on taxable supplies. An annual return provides comprehensive details of inward and ...

A key expectation is the inclusion of natural gas under GST, which would unify the energy market and deliver benefits to consumers." said, Pankaj Kalra, CEO, Essar Oil and Gas Exploration and ...

FASB is seeking feedback on a proposed Accounting Standards Update (ASU) that addresses 34 issues in its codification. The "targeted improvements" to the FASB Accounting Standards Codification are a ...

Canada's inflation rate fell to 1.8 per cent in December, with the federal government's GST holiday bringing prices down for restaurant food, alcohol and children's clothing, Statistics Canada ...

The CPI results were heavily influenced by the start of the two-month break on the GST and the harmonized sales tax on Dec. 14 for certain items, including restaurant meals, alcoholic beverages ...

KPMG is poised to break through a longtime barrier and become the first Big Four accounting firm to practice law in the U.S., leveraging a novel Arizona program that allows nonlawyers to own law ...