May 20, 2024
This article delves into the complexities surrounding the time limits for claiming Input Tax Credit (ITC) in GSTR 3B. The eligibility for ITC has been a contentious issue in indirect tax laws, and despite promises of seamless credit flow in the GST regime, disputes have arisen. This piece particularly focuses on the interpretation of Section
April 18, 2022
The Finance Minister of India, Shrimati Nirmala Sitharaman, presented the Finance Bill 2022 on 1st February 2022. The Finance Bill 2022 got presidential assent on 30th March 2022, accordingly, converting the same into the Finance Act, 2022. We will broadly discussed on How does the existing Section 38 govern GST Input Tax Credit claims? The various
November 3, 2021
The Diwali festival season is around the corner now.Many companies are planning to gift their employees with Diwali gift hampers, vouchers, goodies, etc.The budget for this activity can go very high for businesses with a large number of employees.It’s also prevalent practice in many professions to offer promotional items to clients, distributors, partners, etc.This article
April 27, 2021
Table of Contents What does Job-Work mean? & How to claim Input Tax Credit ?Understanding How to claim Input Tax Credit on this Job-WorkWhat details are required for ITC-04 & understand How claim Input tax credit?To SummarizeClaim upto 100% Input Tax Credit Input Tax Credit under GST has some less-explored areas. In this article, we
March 27, 2021
March 12, 2021
ITC is one of the most crucial aspect of GST and Rule 36(4) was very crucial aspect of ITC. One needs to understand the practicality of this rule. Accurate provision ITC management is now necessity to avoid further actions from GST department. Read this full article and understand as to how it is important. Understanding