Looking ahead: GST 2.0 and global benchmarks As India’s GST ecosystem matures, unlocking the value embedded in accumulated ITC must become an operational priority by adopting global best practices.

GSTN has rolled out an important functionality today which will help GST taxpayers know their exact eligibility of ITC flowing in their Annual Return and thereby filing the annual return, i.e ...

Total number of Input Tax Credit (ITC) fraud cases and amount detected in first 10 months of current fiscal has exceeded full year number of last fiscal by 41 per cent and 28 per cent respectively.

4. ITC claims: A new rule in GST law under which businesses would be required to explain the reasons for excess ITC claimed or deposit the amount with the exchequer is likely to be discussed.