SC junks CBIC plea, says GST errors can be corrected even after deadline
The Supreme Court further emphasised that denying ITC due to human errors results in unfair double taxation, where businesses ...
Supreme Court upholds buyers can correct clerical errors in GST filings without penalty, claim ITC
In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...
Tax Guru4h
Patna HC Allows Rectification of ITC Claim Under GST
Patna High Court addressed a dispute regarding the denial of input tax credit (ITC) to Platinum Ispat Industries Pvt. Ltd. for the months of January to March in the assessment year 2018-19. The ...
Tax Guru4h
ISD – A Better Way to Distribute ITC among Branches
An ISD shall distribute the ITC of RCM in the same manner of normal ITC on basis of turnover. The distributed ITC will be ...
Newspoint on MSN4h
GST: 'As long as you understand the old rules...', why has GST become a hassle for traders?
When the then President Pranab Mukherjee rang the bell for revolutionary change in the tax structure in the country in the ...
Supreme Court rules businesses can rectify tax errors without penalty
Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.
interest.co.nz17h
Te wiki o te tāke: Tax returns, tax fraud, tax cuts
The New Zealand Tax Podcast - are you ready for 31st March tax year-end? GST fraud lessons. Tax-cut talk ahead of May's Budget ...