Major changes in GST invoice management system (IMS) from October 2025 tax period

The Goods and Services Tax Network has updated its Invoice Management System. Taxpayers can now mark credit notes as pending ...
Tax Guru

Section 16(4) & Bill of Entry: Decoding Legislative Silence on Limitation

GST's Section 16(4) sets an ITC claim deadline for invoices/debit notes. This summary analyzes why the limit does not extend to Bills of Entry for IGST on ...
BusinessMirror

Output VAT credit

Beginning January 2024, upon the passage of the Ease of Paying Taxes Act (EOPT Act), all taxpayers are mandated to adopt the ...
Tax Guru

Guwahati HC Grants Bail in Rs. 199 Cr Fake ITC Fraud Case

The Guwahati HC granted anticipatory bail to a man accused in a Rs. 199.31 Cr fake ITC conspiracy, ruling that custodial interrogation was unnecessary as the main accused was already out on default ...