New Delhi: The Goods and Services Tax Network (GSTN) has introduced significant updates to the GSTR-9 annual return form for the financial year 2024–25, particularly impacting the reporting of Input ...
The issue was whether ITC is available on GST paid for leasehold rights used to build a plant. The ruling held ITC is blocked ...
When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
Dispute on ITC mismatch between returns was remitted after ex-parte order, allowing reconciliation upon 10% pre-deposit. Key takeaway: reconciliation issues must be examined with proper ...
In a general procedure hearing that was later moved under the informal procedure [1] rules and rendered on December 17, 2024, [2] the Tax Court of Canada (the “Tax Court”) dismissed 267 O’Connor ...
GSTN has launched a new offline Excel utility for its Invoice Management System (IMS), aiming to boost accuracy in Input Tax ...