The Ministry of Finance, responding to a question in the Rajya Sabha, disclosed that over 55,000 cases of fake invoicing and ITC fraud have been detected between FY23 and the current year, with tax ...

The Indian Parliament disclosed 55,813 GST evasion cases worth Rs 1,60,950 crore over the past three years and seven months.

India's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap ...

NEW DELHI: An empowered panel of Goods and Services Tax (GST) Council has recommended excluding businesses with sales up to ₹500 crore from the compulsory e-invoicing of GST, to be rolled out from 1 ...

The government will notify a new GST e-invoice scheme under which businesses with turnover of Rs 500 crore and above will generate all invoices on a centralised government portal starting October 1, ...

India has detected 24,109 fake GST invoice cases in FY26 so far, with tax authorities flagging misuse of dormant pharma firms ...

Centre is now planning to make GST e-invoicing compulsory for businesses with a turnover of Rs 5 crore and above. It would lead bringing the threshold down from the recent Rs 20 crore, said a ...

Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...

The IMS will ensure automatic reflection of invoices in relevant GST returns, allowing for real-time cross-verification of supplier data. The GST Council, in its upcoming meeting on December 21, is ...

After involving businesses with an aggregate above 5 Crore, the number of e-Invoicing subscribers has increased notably. This upsurge in the businesses eligible for e-Invoicing has also impacted the ...