Page 2 - Gst Input Tax Credit

Professionals and kingpins among 25 held for issuing fake bills under GST

350 cases filed against 1,180 entities, actual amount of fake ITC claimed being ascertained, say sources

Businesses, govt spar over fraudulent ITC claims and imprisonment under GST

Companies may challenge jailing provisions, say Section 69 of central GST Act is arbitrary as it empowers commissioners to arrest persons they have "reasons to believe" have claimed fraudulent ITC

Tax tweaks can spur economic revival

These are extremely challenging times, and collective efforts by the government and industry would be required to bring the economy back on track

Covid-19: Govt extends e-way bill validity, defers restricted ITC under GST

The validity of e-way bills that were set to expire between March 20 and April 15, has been extended till April 30

Business fears hit to cash flow from new GST input tax credit restriction

Gupta of ClearTax feels a further reduction in credit could have been considered later

GST anti-profiteering watchdog NAA imposes Rs 90-crore fine on Nestle

"The amount of Rs 73 crore shall be deposited within the next three months from the date of passing this order," the order said

Dealers to get input tax credit on GST for the post-sale discounts

The dealer would be eligible to get input tax credit on entire amount of GST paid if the discount is given after the sale of product

'Burden' for collateral management cos working on rented warehouse model

Agri commodities collateral management business has flourished in last few years as these companies help farmers and processors to get finance from banks and non-banking institutions

FinMin extends deadline to avail GST input tax credit benefit to March 2019

The deadline for claiming input tax credit ended on October 25, 2018

GST Intelligence unit unearths Rs 2.2-billion fake tax-invoices scam

fake invoices covering goods worth more than Rs 2.2 billion were issued without supply of goods

Exporters still waiting to receive Rs 60-bn input tax credit refunds: FIEO

Unpaid input tax credit constitutes the majority of refunds under the IGST part of the new tax regime

Deadline for availing GST input tax credit remains October 20: Govt

GSTR-2A is a system generated purchase return

Companies to contest notices for reversal of input tax credit

According to Cenvat rules, companies have to reverse input tax credit on exempted turnover arising out of their non-core businesses

Mobile cos seek 6 more months to sell pre-GST stock, avail input tax credit

The deadline to avail input tax credit by mobile firms on handsets manufactured before July 1 is December 31, 2017