Input Tax Credit is the soul of GST, designed to make taxation fair and efficient. While the idea is robust, the practical implementation has been marred by restrictions, compliance hurdles, and ...
Understand the implications of GST rate changes on outward supplies, input tax credit, and tax liability. Learn how to handle billing, credit notes, and ...
The GST Council’s shift to a two-slab system may look consumer-friendly with lower rates, but denial of Input Tax Credit (ITC ...
According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...
Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life ...
Coal Ministry reforms aim to rationalize tax burden, eliminate compensation cess, and address inverted duty anomalies for ...
The circular addresses doubts raised by industry stakeholders regarding how such discounts affect Input Tax Credit (ITC) and ...
The government has said hotels must charge a 5 percent goods and services tax (GST) without Input Tax Credit (ITC) for ...
The new Goods and Services Tax (GST) regime, effective from September 22, may delay the availability of cheaper homes, as per ...