GSTN has announced major changes to the Invoice Management System (IMS) effective October 2025. Key updates include pending records option, accurate ITC declaration, and the ability to save remarks.

A 24-year-old businessman, Mohammed Kamran, was arrested in Bengaluru for his involvement in a fraudulent input tax credit racket exceeding Rs 400 crore. He was apprehended upon arrival from Mumbai, ...

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The textile and apparel sector may face a short-term liquidity crunch following the transition to new GST rates from September 22, as input tax credits (ITC) on old inventories could get blocked due ...

The GST Council has eased compliance for businesses, particularly FMCG companies, by removing the requirement to link credit notes to specific invoices. This change addresses a long-standing pain ...

(MENAFN- IANS) Mumbai, Sep 8 (IANS) Bharatiya Janata Party (BJP) spokesperson Syed Zafar Islam on Monday said the Goods and Services Tax (GST) reforms by the Central government will give a major boost ...

He allegedly colluded with an accomplice to carry out the fraud. A former employee of a private firm in Noida has been arrested for allegedly generating fake invoices of around Rs 10 crore to ...

The GST Council on Wednesday approved a sweeping reform of the Goods and Services Tax (GST) framework, aimed at simplifying the existing structure and addressing longstanding anomalies. As part of ...

Thane: The Thane Additional Sessions Court has rejected the bail plea of a businessman accused of orchestrating a massive Goods and Services Tax (GST) fraud involving fake invoices and fraudulent ...

Mumbai: Mukesh Ambani, Chairman and Managing Director of Reliance Industries and Reliance Retail, on Thursday welcomed the second-generation reforms of the Goods and Service Tax (GST) rates, ...

BHUBANESWAR: Chief Minister Mohan Charan Majhi on Thursday extended gratitude on behalf of the people of Odisha to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for ...

(MENAFN- KNN India) New Delhi, Sep 5 (KNN) The government has announced revised Goods and Services Tax (GST) rates for several categories under the Ministry of Heavy Industries, covering automobiles, ...