2 days delay in input tax credit: Buyers will have to wait longer for GSTR-2B statement; use recompute option in this case
The GSTR-2B (input tax credit) statement will now be generate 2 days late on January 16, 2025 for the December 2024 tax ...
Input tax credit: GSTR-2B statement delayed by 2 days, use recompute option
This is because the deadline for filing GSTR-1 was extended by 2 days from the original January 11 to January 13.
Deccan Herald6h
Union Budget 2025 | Govt should address lack of input tax credit on vehicle insurance premiums for MSMEs, says Ideal Insurance co-founder Rahul Mohata
The MSME sector have pinned high hopes on the Union Budget FY 2025-26 documents and are keeping their fingers crossed ...
Your Story3d
Industry status, green tourism, and input tax credit: Hospitality sector’s wish-list for Budget 2025
Prior to Union Budget 2025, stakeholders from the travel and hospitality sector put forth their demands and expectations from ...
Tax Guru1h
ITC Reporting Errors not Attract Penalty Under Section 73: Kerala HC
This judgment underscores that technical errors in ITC reporting, without intent to defraud or actual revenue loss, should not trigger punitive measures under Section 73 of the CGST Act. Interest ...
A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?
At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many ...
GST officers must provide written grounds of arrest under new guideline
The grounds of arrest must be explained to the arrested person and also furnished to him in writing as an Annexure to the ...