Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

Upon appeal, the AAAR upheld GAAR’s ruling, rejecting Riddhi Enterprise’s argument. The ruling referenced previous cases, ...

The air cargo industry looks set to face demand pressure this year as US tariffs on China, Mexico and Canada could disrupt ...

For example, President Trump imposed a 25% tariff on all goods imported from Mexico and Canada (10% for Canadian oil), the US ...

Tariffs make foreign goods pricier to protect local industries, but aggressive policies can have negative effects.

CGST Commissionerate arrests person for ₹227 crore fake input tax credit fraud, passed on credit to own units.

Washington Post staff tried to separate what is happening from what is not, and to explain what may happen in the future.

Previous expulsions of migrant laborers have proven economically harmful—even for the people the policies were supposed to ...

The synergy between AI and decentralized protocols will be central to the transformation of commerce, argues the founder of ...

If you want to cancel a contract, use our free letter template to cancel a contract for services made at a distance. The Consumer Contracts Regulations contain specific provisions for digital content.

GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. Introduced on July 1, 2017, GST replaced multiple indirect taxes in India, simplifying the taxation ...

The balancing act of Mitigating Risks and Minimizing Costs Over the past years, the risks and shortfalls in our global supply chains have been brought to the forefront across all industries.