Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...
Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC ...
The Goods and Services Tax Network (GSTN ... Experts say GSTR-2B is a critical document that allows buyers to claim Input Tax Credit (ITC). Unless the suppliers updates it accurately the buyer ...
The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.
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 ...
Hello, in this post we will talk about the Amendment due to Finance Bill 2025 in Input Service Distributor (ISD), Blocked ...
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...
NEW DELHI Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC) under the Central Goods and Services Act (CGST) on commercial ...
Input tax credit (ITC) refers to the GST (goods and services tax) paid on the purchase of goods and services that are used for the business. Today, restaurants fall under the 5% GST rate ...