Input tax credit removal set to hit commercial realty companies
Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...
JD Supra6d
Tax Court of Canada Denies GST/HST Input Tax Credit Claims in Connection with a Settlement Payment
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...
Big Brother watching: Optional GST invoice reconciliation to be made mandatory
India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.
Tax Guru11d
Budget 2025 – GST And Customs – Analysis
Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...
Crackdown on Corruption: GST Fraud Worth Rs 26.92 Crore Uncovered In Thane, Mastermind Arrested
Authorities have busted a Goods and Services Tax (GST) evasion racket involving a fraudulent input tax credit (ITC) scam of ...