Input Tax Credit Claim in GST: The input tax credit (ITC) has been one of the key highlights of the Goods and Services Tax (GST) launched in the country as a major reform to the tax structure.

Goods and services tax (GST): Registered taxpayers won't be able to claim any pending input tax credit if they don't file their GST return by November 30, 2024 for FY 2024-25. CBIC said, "The ...

Understand the complexities of Input Tax Credit (ITC) under GST. This overview explores how the system functions as both a benefit and a burden for ...

The GST Council’s shift to a two-slab system may look consumer-friendly with lower rates, but denial of Input Tax Credit (ITC) in key sectors risks raising costs for businesses and, ultimately, ...

Cancellation of GST registration due to assessee’s failure to file returns on time would be revoked in case of genuine medical reasons and assessee's willingness to pay tax and interest without ...

Taxpayers can file GST-related complaints on the Goods and Services Tax portal and report issues, including fake GST invoices.

The GST Council has recommended an exemption of taxes on term, unit-linked endowment life insurance, individual health ...

GST exemption on individual life and health insurance policies will increase affordability and accessibility, benefiting ...