A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage ...

ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...

In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

GST Major Amnesty Scheme u/s 128A No Interest No Penalty for FY 2017-18, 2018-19 and 2019-20 ...

It will prevent scenarios where the supplier claims a reduction in its GST liability, owing to the credit note, but the buyer continues to avail of the corresponding ITC. This results in a double ...

In a major action enforcement Udhampur realized a penalty of Rs 6,92,216 from a tax payer carrying battery scrap in violation ...

Additionally, we recommend reducing GST for hotel restaurants to 12% with full input tax credit (ITC), making them more ... how much to spend on or what rules apply to tourism related projects ...

A running list of election promises announced by the Ontario Progressive Conservatives, NDP, Liberals and Greens in the province’s snap election campaign. The vote is set for ...

The Government of India has clarified that there is no plan to roll back the imposition of the Goods and Services Tax (GST) on leased properties, despite concerns over its financial burden on tenants ...