While drafting a reply: Mention relevant provisions of the CGST Act and rules. Provide a detailed reconciliation statement. Include supporting documents, such as invoices and payment proofs. For ...
Ahmedabad: In a significant development for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) elimi.
Industry status, green tourism, and input tax credit: Hospitality sector’s wish-list for Budget 2025
Prior to Union Budget 2025, stakeholders from the travel and hospitality sector put forth their demands and expectations from ...
Liquidity challenges under the GST framework are another bottleneck. Ramesh Bafna, CFO at Zepto, recommended reforms to ...
In this article, we have provided detailed information regarding RCM under GST, including time of supply, input tax credit applicability, and more. Ensure seamless compliance with the Reverse Charge ...
The GSTR-2B (input tax credit) statement will now be generate 2 days late on January 16, 2025 for the December 2024 tax ...
This brings us to the so-called Functionality Test which is critical in determining whether a building or structure qualifies as a ‘plant’ under the CGST Act for the purpose of claiming Input Tax ...
4.The new clarification establishes that platforms like “FoodDelight” don’t need to reverse their input tax credits proportionately for services falling under Section 9(5) of CGST Act 2017 inviting ...
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 ...
On January 15, 2025, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) published final regulations ...
The Inflation Reduction Act of 2022 introduced the Code Section 45Y production tax credit (CEPTC) for facilities that generate clean electricity ...
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