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 ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage ...

The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...

A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh ...

Your iPad is so versatile already, but I'd make sure these 5 apps are in your arsenal before doing anything else.

Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Credit Agricole, France's second-biggest listed bank, exceeded quarterly earnings forecasts today with a 27% jump in profit, ...

Samsung is emailing customers the code “S25APP” which knocks 5% off the total price of the device when it is bought in the ...

This February, sign up for a credit card and you could walk away with an all-new Porsche Taycan or a trip for two to the Star ...

For an additional privacy safeguard, you'd be wise to add a privacy screen to your phone. It's designed to darken the view of ...

The Consumer Financial Protection Bureau and will suspend most of its operations, according to a memo from its new acting ...