In this article, we have compiled some of the FAQs we received from Entrepreneurs on GST input tax credit. Want to know more about GST input tax credit? Read the IndiaFilings Guide on GST input tax ...

To guarantee that the behaviors of both CS and ET drivers do not interfere with the smooth operation of the system, we incorporate a credit mechanism. We propose an algorithm to simultaneously ...

A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated Sunday ...

Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not. Till the time a functionality is made available on the common portal to enable ...

framework in India includes various mechanisms to ensure seamless tax credit flow across different branches of a business. One such mechanism is the Input Service Distributor (ISD). An ISD is a ...

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The child tax credit is one of the most popular credits to claim in tax season. This is what to know if you want to claim it this year. Thomas is a native of upstate New York and a graduate of the ...

"The company believes that it has accurately availed input tax credit and has merits in its case. Accordingly, the company is evaluating necessary legal recourse under the applicable law ...

IndiGo, India's leading airline, has been fined Rs 1.30 crore by the Joint Commissioner, Corporate Circle, Ahmedabad, Gujarat, concerning input tax credit claims for the financial year 2020-21.

Private credit ... is similar to the tax consequences of U.S. taxpayers. Additionally, foreign corporations may be subject to a 30% branch profits tax (BPT) on their “dividend equivalent amount.” 11 ...

But taxpayers who claimed the Earned Income Tax Credit or the Additional Child Tax Credit will need to wait a bit longer. “By law, we can’t issue EITC or ACTC refunds before mid-February ...