Tax Connect
madhuvridhi
Tag: itc
-
Availing ITC in case of supplies received from unregistered suppliers in respect of RCM supplies
It is being clarified that in cases of supplies received from unregistered suppliers, where tax has to be paid by the recipient under reverse charge mechanism (RCM) and where invoice is to be issued by the recipient
-
Input Service Distribution (ISD) Registration – Proposed Amendments
Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST), State tax (SGST)/ Union territory tax (UTGST) or integrated tax (IGST) paid on the…
-
Will I need to pay GST if my supplier does not pay ??
GST Input Tax Credit and GSTR 2B mismatch
-
HC directs Dept. to follow the procedure prescribed in the circular to allow ITC for bonafide mistakes in returns for FY 19-20
The High Court has held that input tax credit for mentioning the wrong GSTIN of the recipient in the GSTR-1 return will be available subject to verification as per the procedure prescribed in CBIC Circular
-
All about GSTR-2B ITC Statement
GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). The statement indicates availability and nonavailability of input tax credit to the taxpayer against each document filed by his…