Your Story6d
Industry status, green tourism, and input tax credit: Hospitality sector’s wish-list for Budget 2025
Prior to Union Budget 2025, stakeholders from the travel and hospitality sector put forth their demands and expectations from ...
Hosted on MSN15d
2 days delay in input tax credit: Buyers will have to wait longer for GSTR-2B statement; use recompute option in this case
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 ...
Tax Guru1d
AP HC Confirms ITC Entitlement under Circular No. 237/31/2024-GST
The petitioner sought several reliefs, including the annulment of orders passed by the Assistant Commissioner, particularly ...
Tax Guru8d
ISD Evolution and Implications for GST Taxpayers
Input Service Distribution or ISD in not a new concept in India, its familiarity dates back to the Service Tax Era. The Service Tax law upheld the principle that credits relating to any input service ...
Business Insider India3y
OPINION: GST Input Tax Credit changes from January 1 – Things to ask your vendor, how to protect your ITC and more
The new year 2022 is going to bring a significant change in the manner of availing Input Tax Credit (ITC) by the taxpayers under the Goods and Services Tax Act. The additional condition to avail ...
The Telegraph29d
GST Council curb on input tax credit for construction costs firmly in place
The Hon’ble Supreme Court of India in its decision on 3rd October 2024, in the case of Chief Commissioner of Central Goods and Service Tax v. Safari Retreats Private Ltd has held that Input Tax Credit ...
Business Insider India3y
Here’s how to avail GST credit if your supplier has not uploaded invoices
The problem of buyers not being able to avail Goods and Services Tax (GST) credit for more than one year is not unheard of. Many buyers have their Input Tax Credit (ITC) blocked or the credit ...