Taiwo Oyedele says new 2026 tax reforms enable businesses to claim N3.4 trillion input VAT credits, easing tax burdens.

Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says businesses will be eligible to claim about N3.4 trillion in input tax credits under Nigeria’s new tax laws.

ITC cannot be mechanically denied to purchasers even if invoices are missing in GSTR-2B. Key takeaway: the ruling safeguards ...

The Delhi High Court held that legitimate transactional Input Tax Credit (ITC) cannot be denied when the assessee was unable ...

Hero MotoCorp said the tax demand is not maintainable in law and added that it will challenge the order through appropriate ...

The Gujarat Authority for Advance Ruling (AAR) has disallowed Input Tax Credit (ITC) worth Rs. 27,14,559 paid towards ...

The penalty has been imposed on the airline by Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, Kerala.

Petronet LNG confronts a ₹6.69 crore GST demand relating to input tax credit claims for the fiscal year 2021-22, including penalties and interest. The company aims to challenge the decision while ...

The Court ruled that authorities cannot block more Input Tax Credit than what is available in a taxpayer’s electronic ledger under Rule 86A of CGST ...

BENGALURU: In the run-up to next year’s state budget, Chief Minister Siddaramaiah on Friday conducted review meetings with ...

IndiGo on Tuesday said it has been slapped with a penalty of Rs 117.52 crore related to input tax credit and the airline will challenge the ruling.