Input Tax Credit under GST: The net GST payable is the overall GST minus GST paid on buying raw material. Before GST, credit of taxes being levied by the central government was not available as a ...
Understand Input Tax Credit (ITC), a key component of the GST system. Learn how it prevents cascading taxes, its rules, benefits, and challenges for ...
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GST taxpayers can't claim pending input tax credit if GSTR 3B is not filed by this date for FY 2023-24
If you are a goods and services tax (GST) registered taxpayer and want to claim any pending input tax credit (ITC) for FY 2023-24 or amend any errors or omissions under GST then note the last date to ...
The Central Board of Indirect Taxes and Customs (CBIC) has notified changes to the annual GST return form GSTR-9, aimed at ...
Learn how to check GST filing status online, understand common errors, and avoid penalties. A simple guide for timely GST compliance and ITC claim ...
The GST Council’s shift to a two-slab system may look consumer-friendly with lower rates, but denial of Input Tax Credit (ITC ...
An industry executive who did not wish to be named said that if there is a risk of substantial amounts getting stuck within the refund process, it gives way to tendencies of evasion ...
Ahmedabad: The GST department has issued notices to hundreds of builders asking them to reverse their input tax credit (ITC). The notices were issued for the years 2017-18 and 2018-19. The department ...
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