Tax Guru9d
Order Reducing 1% ITC under Rule 86B Set Aside for Lack of Personal Hearing
The Madras High Court recently reviewed a writ petition challenging an order under Rule 86B of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, regarding the reversal of 1% Input Tax Credit ...
ITC Q3 Preview: Net profit may slip on high base, cigarette volumes to rise 4%
According to a Moneycontrol poll, ITC is likely to report revenue of Rs 18,366 crore for the quarter ended December.
CGST amendment on credit note: Compliance burden on suppliers may be higher
Credit note is given by the seller to the buyer in cases of sales returns, discounts and overbilling to reduce the amount ...
GST rules for credit notes tightened to stop leakage
A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...
Budget impact from GST perspective
BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...