Input tax credit removal set to hit commercial realty companies
Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...
Tax Guru7d
Landmark Judgements of SC on Input Tax Credit for Construction Under GST
Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...
What is the child tax credit for 2024?
For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...
JD Supra6d
Tax Court of Canada Denies GST/HST Input Tax Credit Claims in Connection with a Settlement Payment
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Retrospective GST input tax credit amendment to impact commercial realty
The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...
ThePrint1d
DGGI probe detects Rs 1,196 cr fraudulent Input Tax Credit transactions
The Directorate General of GST Intelligence (DGGI) has unearthed fraudulent Input Tax Credit (ITC) transactions amounting to Rs 1,196 crore by exposing a network of bogus companies and arrested a ...
The News Journal23d
What tax credits are you eligible for? Find out what the credits are, how to claim them
While you get your tax information together this year, make sure you know which tax credits you are eligible for. Here’s what you need to know about tax credit qualifications and how to ...