ET Auto9mon
INPUT TAX CREDIT
The CBIC has clarified that automobile dealers can claim input tax credit (ITC) under GST for demo cars used to promote sales. However, ITC is not available if these vehicles are used for personal ...
Input tax credit: GSTR-2B statement delayed by 2 days, use recompute option
This is because the deadline for filing GSTR-1 was extended by 2 days from the original January 11 to January 13.
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 ...
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
At its 55th meeting held in Jaisalmer on December 21, the Council clarified the process to avail input tax credit even if this stoked some controversy over the manner in which the Council neutralised ...