Input Tax Credit (ITC) is one of the fundamental aspects of GST and an important feature in mitigating tax burden on businesses. It enables a taxpayer to offset the tax incurred on inputs (inputs like ...

Input tax credit (ITC) is an integral and essential ... including tax invoices, debit notes, and bills of entry. One needs to ensure that the tax invoice complies with the e-invoicing requirements ...

This restriction would apply to all document types (Invoices/Credit Notes/Debit Notes ... preventing the recipient from ...

A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the thirtieth day of November following the ...

According to allegations, Satveer Singh Sekhon was rinvolved in wrongful availment and utilisation of input tax credit worth ₹30.52 crore without any actual supply of goods.

Input tax credit (ITC) helps reduce the tax outgo for the GST payer. A retrospective amendment, which comes into effect from July 1, 2017, debars entities, such as commercial real estate companies ...

The GSTR-2B (input tax credit) statement will now be generated two days later on Thursday, January 16, from the originally scheduled date of January 14, for the December 2024 tax period.

DLF found guilty of denying benefit of input tax credit to buyers The National Anti-Profiteering Authority (NAA) held that DLF denied the benefit of input tax credit to the buyers of the apartments ...