The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where ...

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

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

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’) 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 ...

The fraudulent input tax credits were then passed on to other firms, causing significant loss to the exchequer, it said, ...

Generac management will hold a conference call at 10:00 a.m. EST on Wednesday, February 12, 2025 to discuss fourth quarter and full-year 2024 operating results. A webcast of the conference call can be ...

Bhubaneswar zonal unit, has arrested three persons for their alleged involvement in issuing fake invoices and fraudulently ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

Officials of the Goods and Services Tax and Central Excise Commissionerate, Puducherry, have arrested a person after discovering that he had availed himself of fake input tax credit to the tune of ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...