tax evasion, and seeking fraudulent subsidies, China Media Group (CMG) reported. Guangdong Huizhou Gaofushuai Culture Media Co was detected for issuing 1,196 false invoices through shell companies ...

New Delhi: The Income Tax (I-T) Department has started reopening old tax assessment cases. The main aim is to catch businesses that reduced their profits by showing fake or inflated expenses and ...

The Kenya Revenue Authority (KRA) is set to publish a new template for taxing imported second-hand cars by July this year, as it moves to quell disquiet from dealers over inflated duty and legal ...

Titled “Tax Invoices – Credit Notes and Electronic Invoicing,” the session focused on value-added tax (VAT) and was attended by government employees involved in tax affairs. The workshop aimed to ...

Under the Central GST Act, buyers claim ITC based on tax invoices issued by suppliers, which must be reflected correctly in the GST returns. However, there have been several instances where ...

But while you’re enjoying the spoils of your investments, keep in mind that you’ll eventually have to pay tax on them. In Canada, most gains on capital assets are taxed. Let’s look at how ...

The Delhi High Court Bench of Justice Manoj Kumar Ohri has held that the arbitration clause contained in the tax invoice itself is clear to the extent that acceptance of subject goods delivered ...

Amendment to Sec.2 (61) of the CGST Act,2017 “Input Service Distributor” means an office of the supplier of goods or services or both which receives tax invoices towards the receipt of input services, ...

Summary: The Reverse Charge Mechanism (RCM) in Goods and Services Tax (GST) shifts the liability to pay tax from the supplier to the recipient. Initially introduced under Service Tax, RCM is now ...

Residents in one Swiss canton have been targeted by fake tax invoices ordering them to pay arrears and fines. And it's not the only swindle people in Switzerland should be aware of. Cantonal police in ...