The time limit for availing of input tax credit. GST mandates availment of ITC pertaining to a financial year till 30 November of the subsequent year or the date of annual return, ...

Under GST norms, enterprises are allowed credits in input tax on purchases meant for outputs, which they can claim in the ...

GST Input Tax Credit: According to the Central Board of Indirect Taxes and Customs (CBIC), ITC is a mechanism to avoid the “cascading of taxes” or “tax on tax.” ...

Input Tax Credit: New GST refund rules create confusion as deadline to file first returns comes close GST: Taxpayers will begin filing their first GST returns under the new rule from next week.

Industry bodies FICCI and Assocham have urged the finance ministry to allow input tax credit (ITC) for real estate developers ...

Input tax credit on menu: Food Services sector seeks input tax credit in upcoming budget The industry is in favour of an optional structure that allows collection of input tax credit, at a higher rate ...