The Court held that a bona fide purchaser cannot be denied ITC merely because the supplier failed to pay GST. Recovery must ...
The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...
Insurance analysts reason that individual life and health insurance premiums are exempt from paying GST, so insurers cannot ...
WeWork India Management Limited ( ($IN:WEWORK) ) has shared an update. WeWork India Management Limited has disclosed that it received an order ...
PwC asked for explicit guidance on classifying hyperscale data centre infrastructure as either “plant and machinery” or civil ...
The Calcutta High Court, in a matter concerning admissibility of Input Tax Credit (ITC) for purchase of 'stereo system' to be ...
SRF Ltd informed the exchanges of a demand for reversal of input tax credit on exempted supply and for non-filing of the ...
A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.