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, ...

Summary: The Budget 2025 aims to accelerate economic growth while promoting inclusive development. A major focus is on “GYAN” ...

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

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 ...

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 ...

Due to higher than normal intake volume, the Canada Revenue Agency is experiencing delays in processing Form T2201, Disability Tax Credit Certificate. We will respond in writing once a decision has ...

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 ...

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 ...

A number of US banks booked lower-than-expected provisions for credit losses in the fourth quarter of 2024 against a backdrop of easing credit quality concerns. Among banks with assets between $20 ...