Read all Latest Updates on and about Input Tax Credit

Begin typing your search above and press return to search.

Home
»
Input Tax Credit

GST: Input Tax Credit allowable on Debt Settlement, says AAR [Read Order]

In a significant ruling, the AAR, West Bengal has held that the companies are eligible to claim the input tax credit even if the liability to pay for...

‘Blocked Credits’ under GST: Delhi High Court issues Notice to Centre, State

GST paid on Construction of Immovable Property intending to Let Out eligible for Input Tax Credit:...

Refund under Gujarat Textile Policy available to be adjusted towards Taxes: Gujarat High Court [Read...

CBIC issues clarification on Utilization of Input Tax Credit under GST [Read Circular]

ITC available on Vehicles Supplied to Customers on Lease Rent subject to Conditions: AAR [Read Order]

The Authority for Advance Ruling (AAR) Madhya Pradesh has ruled that Input Tax Credit (ITC) is available on GST paid on vehicles provided to different customers on lease rent. The Applicant M/s...

GST Evasion: Dept recovered Rs. 360 Crores in Gujarat in 1470 Cases

Over 1470 GST evasion cases have been registered by the tax department in Gujarat wherein the department recovered around Rs 360 crore. According to a report in FE, a senior official in the state GST...

GST Evasion: Firm booked for Non-payment of Tax

The Goods and Services Tax ( GST ) department has booked 12 outlets of a firm manufacturing illegal tobacco after the same was raided by officials of the directorate general of GST, Lucknow unit on...

Chairman of Ahmedabad-based Firm booked for GST Evasion

The GST department has arrested the chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, for allegedly obtaining Rs 88.78 crore input tax credit (ITC) using fake invoices. ...

GST dept unearths Tax Fraud by Vadodara-based Firm

The Goods and Services Tax ( GST ) department has detected tax evasion by a Vadodara-based firm that was fraudulently claimed input tax credit worth crores. The Firm, KSEG India International was...

CBIC prescribes Procedure for Transfer of Input Tax Credit on Death of Sole Proprietor [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified the procedure for the transfer of input tax credit in case of death of sole proprietor. The CBIC circular said that in such...

Discounts granted must be deducted from Invoice Value to avail Input Tax Credit: AAR [Read Order]

The Authority for Advance Rulings (AAR), Tamil Nadu has held that the value of the discounts as per C2FO software which is paid to the suppliers must be deducted from the invoice value for availing...

Prev Page Next Page