Read all Latest Updates on and about Input Tax Credit

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Input Tax Credit

Deadline Alert! GST Compliances due during November and December 2024 - GSTR 3B, 5A, 9, 9C and RFD-10

The Goods and Services Tax (GST) regime introduced in India in 2017, unified indirect taxes under a single mechanism, streamlining tax administration...

GSTN - GSTN Advisories - IMS - Invoice Management System - IMS in One Place - All GSTN Advisories - GST - Goods and Services Tax - recipient taxpayers - taxscan

Invoice Management System: All GSTN Advisories on IMS in One Place

GST Dept neither considered Reply nor Provided any Hearing Opportunity before Passing Order: Madras...

Apportionment of Credit and Blocked Credits u/s 17 of the CGST Act, 2017: An In-depth Analysis

GST - Goods and Services Tax - GST Returns - Must-Read for Businesses - Businesses - GST regime - taxscan

GST Returns due before November 15: A Must-Read for Businesses

Kerala HC holds Time Limit to Claim GST ITC as 30th November [Read Order]

The Kerala High Court has reiterated that 30 November is a time limit for claiming Goods and Service Tax (GST) Input Tax Credit ( ITC) applicable retrospectively from 1 July 2017. It was...

GST Officers Uncover ₹25,000 Cr GST Evasion by 18,000 Fake Companies

GST officers have found that around 18,000 fake companies have been evading taxes worth nearly Rs. 25,000 crore. These companies were created only to cheat the Goods and Services Tax (GST) system by...

Relief for TN Consumers: TNPDCL Removes 18% GST on Electricity Meter Replacement and 25 Other Services

The Tamil Nadu Power Distribution Corporation Ltd ( TNPDCL ) has removed the 18% GST on the replacement of electricity meters and 25 other services. This exemption, in effect retrospectively from...

Reversal of ITC on Housing Colony Maintenance: A Comprehensive Overview [Find Draft Reply Format Here]

The reversal of Input Tax Credit ( ITC ) on expenses related to housing colony maintenance has become a contentious issue for businesses under the Goods and Services Tax ( GST ) framework. Recent...

New RCM Time of Supply Rules Effective from November 1, 2024: Know About Changes and Compliance Requirements

Starting November 1, 2024, India’s Goods and Services Tax ( GST ) framework will introduce important updates to the Reverse Charge Mechanism ( RCM ) and time of supply rules which are aimed at...

New RCM - Reverse Charge Mechanism - RCM Time of Supply - Compliance Requirements - Goods and Services Tax - GST - RCM - ensuring timely tax reporting - TAXSCAN

Negative Liability Statement for Regular Taxpayers: Here’s What GSTR-3B Filers Need to Know

The Goods and Services Tax Network ( GSTN ) has introduced a new facility that allows regular taxpayers to enter negative amounts in their GSTR-3B returns. Starting from the September GSTR-3B filing,...

GSTR-3B - GSTR-3B filing - GSTR-3B returns - GSTN Update - What is GSTR 3B - How to file GSTR 3B - taxscan

New GST Amnesty Scheme Effective November 1: Know about Important Deadlines and Benefits

The Central Board of Indirect Taxes and Customs ( CBIC ) has introduced a new GST Amnesty Scheme under Section 128A of the Central Goods and Services Tax ( CGST ) Act. This scheme, effective from...

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