Tag:
input tax credit
GST
Man Held in Thane for Rs. 47.32 Crore GST ITC Fraud
A significant GST ITC fraud amounting to Rs. 47.32 crore has been unearthed in Maharashtra’s Thane district, leading to the arrest of a businessman...
Columns
Denial Of Refund Of Input Tax Credit On Inverted Duty Structure
The inverted duty structure is causing several administrative problems in the GST system. Taxpayers will have accumulated credits in the form of refund claims.
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Can a Proprietor Firm Claim Input Tax Credit on Mobile Phone and Car Purchased for Personal Use?
This article delves into whether a proprietor firm can claim ITC on mobile phones and cars purchased for personal use, supported by the provisions...
Breaking
CBIC Issues Clarification On Input Tax Credit Availed By E-Commerce Operators
The Central Board of Indirect Tax And Customs (CBIC) has issued the clarification in respect of input tax credit availed by e-commerce operators where...
GST
54th GST Council Meet: Facilitation Of Trade Measures
The 54th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting...