FY20-21: What is due Date for Amending GSTR-1 & Availing ITC?
By CA RAJENDER ARORA, CA in Practice, Delhi The GSTR-1 and GSTR-3B for the Month of September that are to…
Tag: Input Tax Credit
Availability of Input Tax Credit (ITC) for FY 2020-21
Source : GSTN/ News and Updates dated 17.10.2021 1.As per Section 16(4) of CGST Act, 2017, no taxpayer shall take…
FAQ on September GSTR-3B issues
By Mr. C.A. Arup Dasgupa. FCA, CS, IFRS, Kolkata, West Bengal Email id : dgarup@gmail.com phone : 98315 03290 FAQ…
Gist of Circulars issued by CBIC on 20.09.2021
The Central Board of Indirect Taxes and Customs (CBIC) on 20.09.2021 issued the following clarifications: Circular No. Title / Query…
INTEREST CAN BE LEVIED IF ITC WRONGLY AVAILED BUT NOT UTILIZED?
Author : By Mr. Ashish Miglani Section 50:- Interest on delayed payment of tax.— (1) Every person who is liable…
Input Tax Credit (ITC) : A concern of a taxpayer
The Input Tax Credit (ITC) is a privilege given to the taxpayer by the Govt. The taxpayer is thankful for…
Amendment of Rule 36 (4) of CGST Rules: Without any Basis..!!
Article by, Ms. Radhika Prabhu, Practising C.A. Partner- RPSP & Associates, Mumbai Input Tax Credit of GST is the basic…
Circular No. 142/12/2020-GST dated 09.10.2020 Clarification regarding application of rule 36(4) of CGST Rules
Circular No. 142/12/2020-GST dated 09.10.2020 is been published by CBIC to clarify the application of rule 36(4) of CGST Rules…
Input Tax Credit (ITC) on Lift/Elevator installed in Housing Society
Applicant M/s. LAS PALMAS CO-OPERATIVE HOUSING SOCIETY LIMITED, a registered taxpayer in Mumbai has applied for Advance Ruling u/s 97…
Eligibility and conditions for taking Input Tax Credit in GST
Section 16 of Central Goods and Service Tax (“the Act”) provides for the eligibility and conditions for taking Input Tax…