The European Commission has proposed an EU climate target for 2040 that allows countries to count carbon credits bought from ...

Understand the complexities of GST on IPOs and OFS in India, including debates over Input Tax Credit reversal, the ...

In a significant ruling with far-reaching policy implications, the Sikkim High Court has allowed the refund claim of accumulated input tax credit (ITC) upon the closure of a business. This ...

In another significant relief, UAE recipients would be eligible to recover input credit of the VAT paid under RCM on imported services even if it did not issue a tax invoice to itself. The UAE ...

Rep. Pat Harrigan introduces the Real Estate Reciprocity Act to impose a 50% tax on foreign entities buying U.S. real estate of their nation does not allow American land purchases.

SWIFT messages and input tax recovery Effective January 1, 2023, input credit of VAT paid under RCM (on goods and services) is allowed on ‘receiving’ and retaining invoices.

As an entrepreneur, every rupee saved is a rupee earned. Managing business expenses wisely is crucial, and leveraging the Input Tax Credit (ITC) system under GST can significantly reduce your tax ...

To prevent the aggregation of Input Tax Credit (ITC) for services utilised at various sites under a single location and guarantee the accurate distribution of ITC to the actual consumption sites ...

According to Samsuddha Majumder, Partner (Tax Practice) at Trilegal, broadly speaking, input tax credit is distributed in proportion of the turnover of each such branch.

Hospitality in India extends beyond providing a roof to sleep under for a certain sum of money. It starts from the time one arrives at the doorstep and extends way beyond, after one has checked ...

Input Tax Credit (ITC) has long been a complex terrain for businesses navigating the intricate world of Goods and Services Tax (GST). For enterprises, an accurate input tax credit claim is not ...

The buyer loses pending input tax credit for FY 2023-24 if GSTR-3B is not filed by November 30, 2024 November 30, 2024, is ...