The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...

While drafting a reply: Mention relevant provisions of the CGST Act and rules. Provide a detailed reconciliation statement. Include supporting documents, such as invoices and payment proofs. For ...

The buyers then reconcile the data with their purchases and files GSTR-3B to claim input tax credit (ITC). Hence the reason ... month for Quarterly for other filers having turnover less than ...

Recipients then reconcile this data with their purchase records to claim ITC in their GSTR-3B returns, which are typically due by the 20th. This process provides a crucial six-day window for ...

and several others, the new deadline for filing quarterly GSTR-3B returns is January 26, 2025. GSTR-2B Extension for Accurate ITC Reconciliation In addition to the extended deadlines for GSTR-1 and ...

ITC cannot be claimed as the GST is reversed by the airline. 12. How should businesses account for GST on plane tickets in their GST returns? Businesses should ensure that GST amounts are reflected ...

A review of key developments and emerging issues in US International Trade Commission (ITC or Commission) unfair import ...

ITC Hotels listing: ITC has announced the listing date of its demerged hotels business. The cigarettes-to-FMCG conglomerate has also issued general guidance towards apportionment of the cost of ...

ITC maintains a 40% ownership in the newly formed entity, while the other 60% was allocated to its shareholders. The move has been seen as an effort by the company to unlock the value of the hotel ...