Input Tax Credit

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

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

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

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