Search results with tag "Input tax credit"
GST- INPUT TAX CREDIT - estv.in
estv.inComponents of Credit “capitalgoods”means goods, the value of which is capitalised in the books of account of the person claiming the input tax credit
Eligibility for availing Input Tax Credit (ITC) - WIRC-ICAI
www.wirc-icai.org16. (4) A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note ...
IN THE SUPREME COURT OF INDIA CIVIL …
main.sci.gov.in“unutilised input tax” paid on “input services” as part of “input tax credit” accumulated on account of inverted duty structure is ultra vires the provision of Section 54(3) of the CGST Act, 2017.” The High Court therefore directed the Union Government to allow the claim for refund made by the petitioners before it, considering ...
Frequently Asked Questions on IGST refunds on goods ...
delhicustoms.gov.ininput tax credit of CGST, SGST / UTGST and IGST; or (ii) He may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied.
Circular No. 167 / 23 /2021 - GST CBIC-190354/207/2021-TRU ...
cbic-gst.gov.inwhich ECOs avail input tax credit (ITC). The ECO charges commission/fee etc. for the services it provides. The ITC is utilised by ECO for payment of GST on services provided by ECO on its own account (say, to a restaurant). The situation in this regard remains unchanged even after ECO is made liable to pay tax on restaurant service.
Tax Invoice - GST
www.cbic.gov.inUnder GST, a tax invoice is an important document. It not only evidences the supply of goods or services, but is also an essential document for the recipient to avail Input Tax Credit (ITC). A registered person cannot avail Input Tax Credit unless he is in possession of a tax invoice or a debit note. GST is chargeable at the time of supply.