Circular No 98/18/2019 : GST Circular No 98/18/2019 : GST Dated 23rd April 2019 Seeks to clarify the manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules.
GST Payment Rules Changed from 1.2.2019 जीएसटी भुगतान नियम बदल गए GST Payment Rules Changes from 01.02.2019 Section 49 of CGST Act 2017 : Payment of tax, interest, penalty and other amounts. Amended by CGST Amendment Act 2018 w.e.f 01.02.2019 , in order to provide that the credit of State tax or Union territory tax… Read More »
How GST Input tax Credit Works Related Topics on GST ITC Input Tax Credit in GST ( India ) Example on Rule 5 of GST Input Tax Credit Rule – ITC on Capital Goods Example on Rule 7 of GST Input Tax Credit Rule – Inputs Partly used for business and partly for other purposes… Read More »
Question . Will ITC be available for holding Environmental Clearance (EC) and Forestry Clearance (FC) meetings and for obtaining ‘consent to operate’ the Mines? Answer: Yes, ITC on expenses incurred in the course or furtherance of business shall be available. Related GST FAQ GST on Mining Sector : FAQ GST on Handicraft Sector : FAQ 150… Read More »
GST ITC ( Input Tax Credit ) Free E Book Download Free E Book on GST ITC : Input Tax Credit Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST… Read More »
How can we take ITC on bank charges as we won’t have invoices but only account statement Account statement is treated as invoice but it must contain your GSTIN. Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST… Read More »
Input Tax Credit Mechanism Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and Services Tax. ITC is a mechanism to avoid cascading of taxes. Cascading of taxes, in simple language, is ‘tax on tax’. Under the present system of taxation, credit of… Read More »
Concept of Input Tax Credit under GST by CA. SS Gupta Published on Nov 10, 2016 Analysis of provisions relating to Input Tax Credits under Model GST Law by CA. SS Gupta, Mumbai Related Post Steps to enrol on GST Common Portal (India) How to login to GST Common Portal (India) How to Enroll on… Read More »