Sunday, October 12, 2025
Tag:

input tax credit

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.

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...

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...

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...