By doing so, the builder amassed Rs 1.76 crore accruing on 356 flats under its scheme ‘Arihant Anchal’ by charging 18% GST in lieu of 12% by taking full credit of tax thereby drawing the benefit of ...

Input Tax Credit (ITC) has long been a complex terrain ... Invoice management system (IMS) under GST Recognising these persistent challenges, the Government has introduced the Invoice Management ...

The new year 2022 is going to bring a significant change in the manner of availing Input Tax Credit (ITC ... the recipients to claim any remedy under GST law in case any such loss is incurred ...

The GST Council ... held that Input Tax Credit on goods and services used in the construction of immovable property, such as malls etc, should be allowed when the property is further used for letting ...

The Law Committee, a key body responsible for interpreting and advising on GST-related legal issues, recently held a meeting to address queries regarding the reversal of Input Tax Credit (ITC ...

That would mean ... “If input tax credit has been availed, GST is applied on the entire sale price, as per general GST provisions," explained Shah. Shah said that depreciation benefit under ...

(“the Petitioner”) filed common issue of rejection of refund applications based on Section 54(3) of the CGST Act read with ...

Rental commercial properties are taxed with an 18 per cent GST while commercial properties that are still under construction ...

The CBIC has clarified that automobile dealers can claim input tax credit (ITC) under GST for demo cars used to promote sales. However, ITC is not available if these vehicles are used for personal ...

The notices demand around ₹3,000 crore for GST on trademark ... which said Sanofi cannot claim input tax credit on promotional material and trade loyalty programmes under the goods and service ...