Tax Guru8d
Recovery of Excess Input Tax Credit Distributed by ISD
Recovery of credit taken based on documents issued by the ‘input service distributor (ISD)’ by subjecting it to scrutiny for ...
Tax Guru1d
Patna HC Allows Rectification of ITC Claim Under GST
Patna High Court addressed a dispute regarding the denial of input tax credit (ITC) to Platinum Ispat Industries Pvt. Ltd. for the months of January to March in the assessment year 2018-19. The ...
Supreme Court rules businesses can rectify tax errors without penalty
Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.
Supreme Court upholds buyers can correct clerical errors in GST filings without penalty, claim ITC
In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...
New GST rule: Input Service Distributor mechanism takes effect from April 1; details here
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...
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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 ...
FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposes
Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit ...
Kiplinger3mon
The TCJA: What It Is and How Expiration and Proposed Changes Affect Your Taxes
(That's why the TCJA is also known as the "Trump tax cuts.") However, many key provisions in the ... child’s age for this credit will also decrease to 16 and under (right now the credit is ...