New GSTN advisory: You can now file a rectification application to claim pending input tax credit; However, there is a catch
GST registered taxpayers can claim pending input tax credit relating to past years namely financial year 2017-18, 18-19, ...
ndtvprofit2d
Budget 2025: Hospitality Players Seek Infra Status, Input Tax Credit
Restaurateurs and hoteliers, represented by the FHRAI and NRAI, continue to push for reforms, including a new GST slab with ...
NRAI seeks industry status, restoration of input tax credit for restaurant sector
NRAI seeks industry status, input tax credit restoration, and policy support from government for restaurant sector growth.
Hosted on MSN11mon
Co-working firms want Budget 2024 to provide for input tax credit and allow green credits
input tax credit and sops for firms that adopt energy efficient practices. Budget 2024 will be presented by Finance Minister Nirmala Sitharaman on February 1. Given that this Budget comes ahead of ...
Government to focus on simplification of direct and indirect tax policies in the new year
Amendments to I-T law, removing obsolete provisions and making it concise, is likely to be tabled in Parliament as early as ...
Business Today25d
GST clarification on input tax credit for Swiggy, Zomato expected soon
The Law Committee, a key body responsible for interpreting and advising on GST-related legal issues, recently held a meeting to address queries regarding the reversal of Input Tax Credit (ITC ...
The Telegraph9d
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 ...
Tax Guru1d
Recredit of amount paid on reverse charge during GST transition in Electronic Credit Ledger permitted
Madras HC held that amount paid by petitioner on reverse charge basis during transition to GST regime is allowed as recredit as Input Tax Credit in Electronic Credit Ledger. Accordingly, petition ...
moneycontrol.com22d
CBIC's second drive against fake input tax credit unearths Rs 26,543-cr GST evasion: Sources
The Central Board of Indirect Taxes and Customs (CBIC) has uncovered a GST evasion of Rs 26,543 crore in its second nationwide drive against fake input tax credit (ITC). From August 16 ...