Input tax credit (‘ITC’) is an entitlement available to the taxpayer-but but but…. of course, upon fulfillment of certain conditions. However, the question which is eagerly seeking an answer is that ...

Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...

ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...

The GSTR-2B (input tax credit) statement will now be generated two days later on Thursday, January 16, from the originally scheduled date of January 14, for the December 2024 tax period.

Input Tax Credit (ITC) has long been a complex terrain for businesses navigating the intricate world of Goods and Services Tax (GST). For enterprises, an accurate input tax credit claim is not ...

Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ...

The new year 2022 is going to bring a significant change in the manner of availing Input Tax Credit (ITC) by the taxpayers under the Goods and Services Tax Act. The additional condition to avail ...

reduce fraudulent input tax credit claims, and improve accuracy in tax reporting. “IMS will streamline the audit process, reduce reconciliation challenges for businesses, and foster greater data ...