The Calcutta High Court’s ruling in the Jyoti Tar Products P Ltd. case passed verdict that retrospective cancellation of supplier registration cannot nullify a valid ITC claim of any taxpayer. The ...

An ISD shall distribute the ITC of RCM in the same manner of normal ITC on basis of turnover. The distributed ITC will be ...

This reduction rather than a complete waiver in GST on gross insurance premium will be beneficial for both policyholders as ...

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