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 ...
ET Auto10mon
INPUT TAX CREDIT
The CBIC has clarified that automobile dealers can claim input tax credit (ITC) under GST for demo cars used to promote sales. However, ITC is not available if these vehicles are used for personal ...
Tax Guru1d
Input Tax Credit Claims: A Roller Coaster Ride for Taxpayers
Input tax credit (‘ITC’) is an entitlement available to the taxpayer-but but but…. of course, upon fulfillment of certain conditions. However, the question which is eagerly seeking an answer is that ...
Business Recorder9d
Firms can claim tax on destroyed goods
LAHORE: The sales tax department cannot deny adjustment against raw materials not actually used during the same ...