Conditions To Claim Input Tax Credit Under GST. Updated: Aug 13, 2024, 12:53am Vikas Vasal Contributor. Updated: Aug 13 ... The time limit for availing of input tax credit.

Understand GST on renting immovable property in India, including Reverse Charge Mechanism (RCM), exemptions for residential use, and Input Tax Credit (ITC) ...

Notably, they cannot claim the input tax credit. -GST compensation cess might apply to the tax payable under the reverse charge mechanism. -For e-commerce services, the recipient is liable to pay ...

As India marks eight years of GST, businesses urge reforms to boost working capital efficiency. A Deloitte survey reveals ...

The cap of 20% on availing input tax credit under the GST rule 36, ... The cap of 20% will also not apply to those cases where GST has been paid under the Reverse Charge Mechanism (RCM) and; 3.

Post-amendment, ISD mechanism has been made mandatory for offices receiving tax invoices towards receipt of input services (including RCM transactions) for or on behalf of distinct persons.