Tag: Input Tax Credit (ITC)
In a major GST fraud bust named Operation Clean Sweep, CGST Delhi East officials uncovered a network of 48 fake firms involved in circular trading of Rs 199 crores …
GSTN advisory explains compliance process about new functionality for taxpayers to explain ITC differences between GSTR-2B & GSTR-3B online using Form DRC-01C.
A summary of the key points in the recent GSTN advisory regarding the requirement for taxpayers to reverse input tax credit under CGST Rule 37A by 30th November, 2023.
A comprehensive guide on provisions and procedures for claiming refund of unutilized input tax credit (ITC) under GST due to zero rated supplies and inverted duty structure.
DGGI Meerut has busted a large network of 102 fake firms used to fraudulently claim Rs 275 crore in GST input tax credits. Four masterminds arrested after meticulous data …
Explore the GSTN Advisory on New Feature at GST Portal "Electronic Credit Reversal and Reclaimed Statement" along with opening balance reporting and amendment guidelines.
Discover the latest clarifications on GST refunds in CBIC Circular 197/09/2023. Gain insights on key issues and ensure compliance for smooth refund processes.
Understand the impact of the recent GST circular on warranty replacement and repair services. Get detailed insights and guidance on GST liability and input tax credit.
Learn how to manage Input Tax Credit (ITC) differences between FORM GSTR-3B and 2A during 01/04/2019 to 31/12/2021, as per CBIC clarification Circular 193/05/2023.
CBIC clears the confusion around interest charges for wrong IGST credit under GST. Stay compliant and understand the rules to avoid penalties. Read now.