A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...
Finance Minister Nirmala Sitharaman on Saturday announced changes in the Goods and Services Tax (GST) laws under the Union ...
This means on or before February 11, 2025 when you file GSTR-1 the specified new rules ... for GST registered persons. Here's a summary of what they said: Buyer's input tax credit will now be ...
The new year 2022 is going to bring a significant change in the manner of availing Input Tax Credit (ITC ... the invoice and file returns on the GST portal in a timely manner.
Union Budget 2025-26 introduces key amendments to GST laws to enhance trade facilitation. Starting from April 1, 2025, input tax credit distribution will be allowed by Input Service Distributors for ...
The first benefits of the new year will go out Friday, with eligible Canadians receiving goods and services tax or harmonized sales tax credits from the federal government.
According to the latest guidelines issued on January 13, GST officers must now provide a clear explanation of the reasons for arresting a taxpayer for alleged tax evasion, fake invoices, fraudulent ...
Also, 5-star hotels with room tariff of ₹7500 or more can levy 5 per cent GST in restaurants located insider their premise, but only without claiming Input Tax Credit (ITC) While, the new ...