Ahead of GST Day on July 1, industry body PHD Chamber of Commerce has raised the issue of blocking input tax credit and said the buyer should be allowed to claim credit for taxes paid on inputs, even ...
If you are a goods and services tax (GST) registered taxpayer and want to claim any pending input tax credit (ITC) for FY 2023-24 or amend any errors or omissions under GST then note the last date to ...
Learn the new GSTR 9 rules for reporting Input Tax Credit in FY 2024-25, including how to correctly record claims, reversals, and reclaims for current and preceding financial ...
On June 9, 2022, the Tax Court of Canada (“TCC”) allowed CFI Funding Trust’s (“CFI”) appeal in relation with the input tax credits (“ITC”) it claimed for prepaid rent paid in connection with the ...
LIC Managing Director Ratnakar Patnaik on Monday pitched for exempting life insurance sector from Goods and Services Tax as it would help insurers claim input tax credit. Patnaik also welcomed the ...