Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This...
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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 and double tax benefits. The amendment could face legal challenges as it imposes an additional burden on suppliers for the recipient's non-compliance.
Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This...
Entities not needing GST registration but required to make tax payments can now obtain a Temporary Identification Number (TIN). This amendment, by the...
Entities not needing GST registration but required to make tax payments can now obtain a Temporary Identification Number (TIN). This amendment, by the...
Life insurance companies are opposing the exemption of term insurance policies from GST, citing increased costs due to the loss of input tax credit....
With Budget 2025 approaching, the restaurant and F&B sector is outlining its expectations for stronger tax reforms that could ease financial pressures...
The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming Budget to alleviate middle-class burden....
The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming Budget to alleviate middle-class burden....
Learn how you can simplify your tax compliance with the help of a GST calculator, and find out how Bajaj Finserv Business Loan’s flexible loan...
The state aims to enhance compliance and curb tax evasion by appointing officials to oversee specific sectors and ensure operations are scrutinised...