This change in GST annual return if not checked properly can result in input tax credit mismatch
GST annual form GSTR-9 has a significant change which if not properly checked can result in input tax credit mismatch.
Tax Guru3d
Section 16(2)(c) Defending Input Tax Credit Claims for Bona Fide Purchases
Key Case Laws on Section 16 (2) (c) of the CGST Act: Defending Input Tax Credit Claims for Bona Fide Purchases: ...
Tax Guru12d
Input tax credit eligible under section 16(5) and 16(6) of CGST Act: Gauhati HC
Gauhati High Court held that petitioner is entitled to claim input tax credit subject to conditions prescribed to newly inserted section 16 (5) and section 16 (6) of the CGST Act, 2017 which are ...
New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it works
The goods and services tax network (GSTN) has introduced a solution to help GST registered taxpayers into claiming the ...
GSTR-3B deadline ended on November 20: File it immediately to avoid loss of pending input tax credit & cancellation of GST registration
B was November 20, 2024, for all GST registered taxpayers except in the state of Maharashtra and Jharkhand where the deadline is November 21, 2024. GSTR-3B is a simplified return that is essentially a ...
Telecom industry expects SC judgement on Input Tax Credit to improve their financial health
In a major victory for the telecom sector, the Supreme Court ruled that service providers are entitled to claim Cenvat ...
cnbctv1815d
GST new rule from April 2025: No input tax credit if e-invoice not uploaded within 30 days
The Goods and Services Tax Network (GSTN) has introduced a change to the e-invoicing process for businesses. Starting April 1 ...
Indiatimes17d
‘Amendment in input tax credit helped taxpayers’
Panaji: The GST Council’s retrospective amendment allowing taxpayers to claim input tax credit (ITC) on invoices of previous financial years has resolved an anomaly in the input tax credit ...
HDFC Bank Faces Tax Penalty Over Input Credit Claims
Hdfc Bank (HDB) has released an update. HDFC Bank has been fined Rs. 18.39 crore by the Deputy Commissioner of State Tax in Andhra Pradesh for ...
Zee Business2d
Vodafone Idea and Bharti Airtel stocks in focus as SC ruling lifts tax credit restrictions
The apex court has granted telecom companies the right to claim Input Tax Credit (ITC) on duties paid for infrastructure ...
JD Supra18d
GST/HST Input Tax Credits for Dentists: Canada Revenue Agency Revokes Administrative Arrangement
dentists will no longer be able to claim GST/HST input tax credits (“ITCs”) for expenses relating to the supply of orthodontic services on a “reasonable estimate” basis, as per the CRA’s ...
E&E4d
Republicans ask for input on revamping IRA biofuel credits
House Republicans say Democrats ignored their input when writing the Inflation Reduction Act’s biofuel credits in 2022. Now the GOP says it’s working on a plan to fix them. On Monday, Rep. Carol ...