ITC cannot be mechanically denied to purchasers even if invoices are missing in GSTR-2B. Key takeaway: the ruling safeguards ...
The Goods and Services Tax Laws was introduced in India in 2017 aiming to simplify the tax structure by subsuming various ...
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, ...
Petronet LNG confronts a ₹6.69 crore GST demand relating to input tax credit claims for the fiscal year 2021-22, including penalties and interest. The company aims to challenge the decision while ...
Hero MotoCorp said the tax demand is not maintainable in law and added that it will challenge the order through appropriate ...
New Delhi: IndiGo on Tuesday said it has been slapped with a penalty of Rs 117.52 crore related to input tax credit and the ...
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Profit Explains: Why GST Cuts On Insurance Without Input Tax Credit Will Not Bring Down Premiums
Prime Minister Narendra Modi had announced a two-slab GST structure that could help rev up consumption and streamline indirect taxation, in a move that could be the most significant overhaul of the ...
InterGlobe Aviation, parent of IndiGo Airlines, on Tuesday informed that it received a penalty order of around Rs 117.52 ...
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