High Court Orders IT Department to Streamline GST Input Verification Process

The recent directions issued by various High Courts to the IT Department regarding GST input verification have major implications for taxpayers, especially businesses claiming Input Tax Credit (ITC). With growing disputes, delayed refunds, and mismatches between GST and income-tax data, the judicial intervention aims to bring consistency, transparency, and fairness into the verification process. In … Read more

GST Reset Likely to Boost Demand Outlook: Finance Ministry Reported

GST Reset Likely to Boost Demand Outlook: Finance Ministry Reported

GST Reset Likely to Boost Demand Outlook India’s economic landscape is witnessing a positive shift as the Finance Ministry reports that the recent GST reset is likely to boost the demand outlook across multiple sectors. With key reforms introduced to simplify tax compliance and rationalize rates, this move is set to enhance consumer spending and … Read more