Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

Rajasthan High Court has denied bail to Vineet Jain, who was arrested for allegedly availing Input Tax Credit (ITC) worth ₹10.87 crores using fake invoices and manipulated transport documents. The ...

Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ineligible Input Tax Credit (ITC ... the Bombay High Court had Bombay ...

The case pertains to Section 17(5) of the GST Act which limits the eligibility for Input Tax Credit (ITC) for any ... the Safari Retreats judgment of the Supreme Court. However, the amendment ...

Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ...

The Gujarat High Court on Thursday (February 6) dismissed the regular bail plea of journalist Mahesh Langa in an alleged case ...

Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment ...

While the GST framework seeks to tax the supply of goods and services, transactions involving land and immovable property ...

The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where ...

FICCI and Assocham urge the Indian government to allow input tax credit (ITC) for commercial properties built for leasing, ...

In the Union Budget , government proposed to clarify that commercial properties used for leasing purposes are not eligible for input tax credit under GST.