Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC ...

The Supreme Court recently held that Rule 21(8) of the Punjab Value Added Tax Rules, 2005, which was notified on January 25, ...

Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

Input tax credit (ITC) helps reduce the tax outgo for ... added Jain. The proposed provision overturns a SC judgement in the case of Safari Retreats, a real estate developer, who was constructing ...

These instances were especially highlighted in a recently decided 2008 -case, wherein the Supreme Court (SC) have also clarified that creditable input tax ... credit or refund. However, these ...

Last year, some parents may have received thousands of dollars from the government in the form of child tax credit refunds. However, they shouldn’t expect to see a repeat of those payouts this year.

FICCI and Assocham urge the Indian government to allow input tax credit (ITC) for commercial properties built for leasing, ...