Understand essential documents and conditions for claiming Input Tax Credit (ITC) under GST, including invoice rules, ...

When debit balances, such as expense accounts, are higher than credit balances, such as revenue accounts, the resulting number indicates a financial loss for that accounting period. According to ...

There are three separate bills that would make tips tax-free. Here's the differences between the no tax on tips bills and ...

Shiva Industries had challenged refund orders issued on April 22, 2022, and June 23, 2022, by the Deputy Commissioner, CGST ...

You might have noticed a rising demand for au pair placements because families want to balance child care flexibility with a ...

In a significant win for GST registered taxpayers, the Supreme Court has dismissed the SLP that challenged the Gujarat High Court judgement of using input tax credit (ITC) for mandatory pre-deposit ...

A sell-off in global bonds is accelerating as Moody's downgrade of U.S. credit rating and President Donald Trump's tax bill has brought to fore investors' fiscal concerns globally. Stream ...

Senate Finance Committee Chairman Mike Crapo (R-ID) attempted to preempt Democratic scrutiny by beginning the hearing with a series of rapid “yes or no” questions about the tax credit scheme.

A "big, beautiful tax bill," as it has been titled, is making its way through Congress. But how big and beautiful is it for you? In a big win for President Donald Trump, the bill won approval from ...

WASHINGTON — Billy Long, a former Republican member of Congress whom President Donald Trump has tapped to lead the IRS, pitched his friends on a tax credit the agency has said does not exist ...

In the context of GST, tax credit refers to input tax credit, or ITC, which means the credit of GST paid on purchases that a business can use to offset the GST liabilities on sales. This overrides ...