Tax Guru

Export Proceeds Non-Realization & GST Refund Reversal Crisis

This explains how non-realisation of export proceeds within FEMA timelines leads to GST refund reversal and interest liability. The key takeaway is that exporters must track realisation deadlines ...

Accounting Spreadsheet Example for Businesses

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.
Live Law

41664 Crores ITC Fraud Via Non-Existing Entities, Fake Invoices": Centre Flags Rising GST Evasion In Rajya Sabha

The Centre has acknowledged a sharp rise in GST evasion and Input Tax Credit (ITC) frauds, where bogus or dummy entities were found to be used as fronts for fake invoicing. In a tabulated scale of ...
IEEE

Multi-Layout Unstructured Invoice Documents Dataset: A Dataset for Template-Free Invoice Processing and Its Evaluation Using AI Approaches

Abstract: The daily transaction of an organization generates a vast amount of unstructured data such as invoices and purchase orders. Managing and analyzing unstructured data is a costly affair for ...
Tax Guru

Invoice Cancellation Alone Insufficient to Avoid GST Liability: Madras HC

In Sudhan VFX Vs Superintendent (Madras High Court), the petitioner challenged a GST recovery notice demanding Rs. 39,60,000 for IGST for services allegedly supplied between 4th and 5th July 2023. The ...