Introduction of RCM Liability/ITC Statement
To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on ...
Saturday, December 14, 2024
Tag: itc under gst
ITC on repair of motor vehicle in case of motor insurance [Read circular]
The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the ...
CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
In the first wave of the operation, a total of 48 fake/bogus firms – either non-existent or paper firms – ...
ITC reversal on account of Rule 37(A) by the recipient
The said amount of ITC is required to be reversed by such taxpayers, while furnishing a return in FORM GSTR-3B ...
Clarification on availability of ITC in respect of warranty replacement of parts and repair services during warranty period [Read circular]
CBIC has issued above clarification vide circular no. 195/07/2023 - GST Dt. 17.07.2023. Relevant extract of the circular is as ...
Availing ITC as per law and GSTR2B – Same invoice showing twice in GSTR 2B
Lately it was informed by CBIC that taxpayer can only avail so much credit as is appearing in GSTR 2B. ...
CGST Bhiwandi Commissionerate arrests businessman for running fake ITC network
The officers of Bhiwandi Commissionerate of CGST Mumbai Zone have arrested a businessman was running a Fake GST Input Tax ...
DGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held
Scrutiny of Tally data has shown that there are 636 firms being operated by this syndicate. The mastermind of syndicate ...
Input Tax credit limit restricted to the ITC available in GSTR 2A from earlier additional ITC of 5% over and above ITC in GSTR 2A
According to above amendment one more condition has been added to section 16 of CGST act, which deals with Input ...
Last Chance to Claim Input tax credit (ITC) under GST pertaining to FY 2020-21
As per Section 16(4) of CGST Act, 2017, no taxpayer shall take input tax credit in respect records (invoices and ...
What Blocks Your ITC under GST? All about Section 17(5) CGST Act 2017
Introduction Input Tax Credit under GST is the process of claiming the credit of taxes paid as an input in ...
-
GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
-
How to pay Membership and COP fees of ICAI for 2020-21 |
-
Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
-
Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
-
SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for December 2024 | Income tax, GST and various other laws
- Statutory Audit of Other Non-Current Assets [Company Law]
- Extension of due date for furnishing return of income from 30.11.2024 to 15.12.2024
- PAN 2.0: A Digital Leap in Taxpayer Services
- Statutory Audit of Long-Term Loans and Advances [Company law]
- Condonation of delay for Form 9A/10/10B/10BB for AY 2018-19 and subsequent years
- Statutory Audit of Non-Current Investments in Indian Companies [Company Law]
- Statutory Audit of Intangible Assets Under Development in Indian Companies [Company Law]
- FAQ issued by CBDT on Vivad se Vishwas Scheme, 2024 [Read circular]
- CBDT extends due date for filing Income tax return for AY 2024-25 till 15th November 2024
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
