Input Service Distributor can claim input tax credit only in the case of an inward supply, and an input tax credit transfer from one state to another is not an inward supply.
These writ petitions have been filed since Department denied the benefit of Input Tax Credit (ITC) from the suppliers and asked the petitioners to pay the penalty and interest, on the ground that the registration of the suppliers in question has already been cancelled with retrospective effect covering the transaction period in question.
Get a snapshot of the GST Council Meeting recommendations and their impact. Find out what became cheaper and dearer after the 47th meeting.
Discover the key outcomes of the 47th GST Council Meeting: changes in GST rates, withdrawal of exemptions, and measures for trade facilitation.
Learn about the impact of GST on room rent in the healthcare sector. Find out the implications of the tax on healthcare services and treatment costs.
The journey of GST in the past 5 years: successes, challenges, and the roadmap for the future. Find out what could lie ahead for this complex procedural law.
लेखक ने इस आलेख के माध्यम से जीएसटी के पाँच वर्ष पूर्ण होने पर पाँच सुविधाओं, पाँच समस्याओं और पाँच सुझाओं को सरकार तक पहुँचाने की कोशिश की है ।
On the occasion of completion of five years of GST, the author through this write up has made an attempt to portray Five Benefits offered by GST, Five Problems faced in GST and Five Suggestions for improvement of GST.
Learn about Section-194R and the deduction of tax on benefits or perquisites in respect of business or profession. Understand the provisions, applicability, and key issues related to this section.
Learn the process for shifting the registered office of a company from one state to another state under the Companies Act, 2013.
