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IndiGo Hit with ₹117.5 Cr GST Penalty over Denied ITC

Franklin Joshva

InterGlobe Aviation Limited, operating the popular airline IndiGo, has been served with a huge Goods and Services Tax (GST) penalty, which includes...

Vodafone Idea Receives ₹12.73 Lakh GST Penalty Order for ITC Dispute

Amrutanjan Health Care Receives ₹1.17 Crore GST Demand Order for ITC Mismatch

ICAI Collaborates with Regulators to Develop Early Warning Mechanism for Fraud Detection

Restraining Dealers from Dealing with Competitors is imposing unfair conditions, Amounts to...

Crisil Ltd (S&P Global Subsidiary) Receives ₹7.95 Crore GST Penalty Over Export Services

Crisil Limited, a leading credit rating and analytics firm, has received a goods and services tax penalty notice amounting to Rs. 7.95 crore. The penalty was issued by the Office of the State Tax...

Vedanta Receives ₹15.4 Lakh GST Penalty for Using CENVAT Credit to Pay Excise Duty

Vedanta Limited has been fined Rs. 15.43 lakh by the Office of the Assistant Commissioner, GST and Central Excise, Jharsuguda, for using CENVAT credit to pay Central Excise Duty during the...

Mahindra Holidays gets GST Demand Notice Worth ₹363 Cr

Mahindra Holidays & Resorts India Ltd. has been issued a tax demand notice exceeding ₹363 crore, inclusive of penalties, by the Tamil Nadu GST ( goods and services tax) department. The...

NIIT Wins Income Tax Appeal: ₹5.34 Crore Demand Quashed by CIT(A)

NIIT Limited has secured a major relief in a longstanding tax litigation, with the Commissioner of Income Tax (Appeals)-44, Delhi ruling in favor of the company. The order, received on June 13,...

Big 6 Accounting Firms Dominate India’s Corporate Audit Landscape

India's corporate audit market is experiencing unprecedented consolidation, with the so-called "Big 6" accounting firms-Deloitte, EY, KPMG, PwC, Grant Thornton, and BDO-increasing their stranglehold...

Big 6 Accounting Firms - Big 6 Accounting Firms Dominate - India’s Corporate - taxscan

IndusInd Bank Faces ₹30.15 Crore GST Penalty

IndusInd Bank Limited has been hit with a penalty of Rs. 30.15 crore by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate, in connection with alleged violations under the...

SEBI issues Circular on Business Continuity for Interoperable Segments of Stock Exchanges [Read Circular]

The Securities and Exchange Board of India ( SEBI ) issued a circular on November 28, 2024, for better Business Continuity Planning ( BCP ) and Disaster Recovery Strategies ( DRS ) for interoperable...