Input Tax Credit
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Writs pile up in many high courts as businesses face problem in availing tax credit

In a recent writ filed in HC, Mumbai-based event management company Erfolg has challenged the constitutional validity of the provisions.

published on : 21st February 2023
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April-June direct tax revenue up 41 per cent: Pankaj Chaudhary

Meanwhile, the income tax department on Monday said that more than 3 crore income tax returns ( ITRs) for Assessment year 2022-23 were filed on e-Filing portal till 25th July, 2022.

published on : 26th July 2022
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Government proposes changes in GST return filing system, floats out concept note

The Board has also proposed a separate amendment table in GSTR-3B to display the changes made by the taxpayers in GSTR-1, which contains details of all the sales made by a business.

published on : 19th July 2022
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GST Council may consider changes in monthly GST payment form

The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit, but report suppressed sales in GSTR-3B.

published on : 24th June 2022