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.
GSTR 2B input tax issue: A new advisory by GSTN on how to fix it for FY 2023-24
In case the taxpayer has opted for QRMP scheme (Quarterly filers), GSTR-2B will not be generated for the first and second ...
GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
The deadline to file GSTR-3B was November 20, 2024 and November 21, 2024 for Maharashtra and Jharkhand. If you have missed filing this return then do note the penalty for non filing of GST return may ...
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 ...
The Financial Express3d
Relief for telcos as Supreme Court grants tax credit on tower parts
In 2006, the excise department issued a show cause notice to Bharti Airtel and said that the company had wrongly claimed ...
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 ...
Tax Guru5d
Rejection of Service Tax Refund Under Section 142(8) of CGST Act Not Justified: CESTAT Chennai
CESTAT Chennai held that denial of refund claim related to cenvat credit of service tax under RCM by invoking provisions of ...
Here's a look at updated plans for $300 million development project in West End
The team recently released updated renderings of what it is calling the "West End District." The $300 million project would ...
Agri-Pulse3d
Eyeing next Congress, GOP lawmakers seek biofuel incentive ideas
Republicans are seeking input from biofuel stakeholders on what future tax policy should look like now that the GOP will have control in the White House and both chambers of Congress.
Tax Guru4d
Impact of Tax Policies on India’s Healthcare System & medical professionals
The Role of Tax policies on the Healthcare System in India and its Impact on Medical Professionals. Abstract: The healthcare system in India, plays a significant role in the welfa ...