Maximise your savings with input tax credit using a GST calculator
The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...
NewsBytes11h
New GST rules effective April 1: Key changes for businesses
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
Republic Business on MSN2d
From April 1, 2025, Companies Must Follow This New GST Rule for ITC Distribution – What You Need to Know
Starting April 1, 2025, the government has made it mandatory for businesses to distribute Input Tax Credit (ITC) through the ...
Tax Guru2d
GST ITC on Construction of Immovable Properties: Key Changes
Always puzzled and novice when comes to the GST ITC (Input Tax Credit) on goods or service or both used for construction of immovable properties when such properties are used in in the course or ...
New GST Rule From April 1: What Is Input Tax Credit - Right Or Obligation? Expert Decodes
The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...
LiveLaw2d
Assessees Claim For ITC Cannot Be Denied For Being Disadvantageous To State Exchequer: Karnataka HC Clarifies Principles On Input Tax Credit Claims
The Karnataka High Court while laying down vital guidelines on Input Tax Credit stated that if the Assessee during the course ...
GST-ITC fraud cases surged 41%, amount detected jumped 28% in Apr-Jan over full FY24
Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.