ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...

In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

Drug maker Glenmark Pharmaceuticals Ltd has received a demand notice of Rs 121.25 crore, seeking tax, interest, and penalties ...

on which GST is paid, but the buyer cannot claim ITC. The SC had distinguished between the words plant 'or' machinery used in this section from the term plant 'and' machinery. The budget ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ... mentioned an incorrect higher GST rate. A credit note is also issued ...

The notice includes a demand of Rs 57.70 crore for excess Integrated Goods and Services Tax (IGST) refunds claimed ... availing bogus ITC on expired drugs, claiming fake GST ITC for business ...

Today, restaurants fall under the 5% GST rate, with no option to claim the ITC or the 18% GST rate under ... be charged zero GST or receive a GST refund. Ritwik Khare, Founder and CEO of ELIVAAS ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance ... are fed into the purchase return form of the buyer.

When a flight is cancelled, businesses may wonder if they can claim GST. The answer depends on the airline’s cancellation process and refund issuance. In conclusion, claiming ITC for cancelled flight ...