Input tax credit (‘ITC’) is an entitlement available to the taxpayer-but but but…. of course, upon fulfillment of certain conditions. However, the question which is eagerly seeking an answer is that ...

Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...

The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...

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 ...

The government's amendment to the Finance Bill 2025 overrides the Supreme Court's 2024 ruling and disallows input tax credit ...

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

DGGI uncovers 1,196 crore tax fraud involving fake invoices, e-way bills, shell entities, and bogus companies.

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...

The Directorate General of GST Intelligence (DGGI) has unearthed fraudulent Input Tax Credit (ITC) transactions amounting to Rs 1,196 crore by exposing a network of bogus companies and arrested a ...