Explore the impact of GST on the Indian automobile industry and learn how to claim Input Tax Credit (ITC) on cars. Detailed analysis, rates, and conditions provided.
As the world is changing, young consumers are becoming extremely interested in electronics. People nowadays like to spend a lot of money on technologies that make their lives simpler and smoother. In this post, we’ll look at how Capital Goods are taxed in GST by using the iPhone as an example (Capital Good) MEANING OF […]
Input tax credit means credit of ‘input tax’- Section 2(56) of the CGST Act, 2017. Input Tax Credit is the core concept of GST as GST is destination based tax. There are certain anomalies between the act and the rule which are creating practical problems in availing ITC. Input tax credit means credit of ‘input […]
