CBIC issued a new circular to clear the air over 20% cap on input tax credit. GST Return: Tax experts have sought clarity over certain provisions of the latest circular issued by the GST policy wing ...

The High Court ruled that GST authorities must mandatorily apply Circular No. 183/15/2022-GST before disallowing ITC due to return mismatches. Mechanical reversal based solely on discrepancy was held ...

CBIC's new circular clarifies confusion about 20% cap on ITC claims. GST News: In a big relief for GST taxpayers, the Union government on Monday clarified the new rules related to availing input tax ...

NEW DELHI: The government is considering amendments in the GST circular 210, which clarifies on valuation of supply of services import by a related party where recipient is eligible to full input tax ...

Are states now defying the Centre's authority on GST matters? A recent circular issued by Department of GST in Maharashtra clearly indicates that the state will have a last say on applicability of a ...

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, ...

In significant relief to companies with branches in multiple cities, the finance ministry clarified the distribution of input tax credit between the head office and branch office as well as on the ...

The said circular had created confusion, with this, leaving an onus on ITeS service providers self-assessing on whether they qualified as an intermediary.(Photo: Mint) The Central Board of Indirect ...

Andhra Pradesh High Court rules GST assessment order valid despite missing DIN on physical copy if electronically issued with system-generated reference number ...

The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment ...