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Search results for: input tax credit

GST and TDS on Promotion Via Google Ads

Full Guide to GST and TDS Rate on Promotion Via Google Ads

GST @ 18% is charged and TDS @ 2% is deductible up on the Google Adwords advertisement expense. The same is essential to find out that some publishers are advertising with the help of the Google entity which is enrolled in India and some of the advertisers are doing the same with the support of […]

Madras HC Order for Numinous Impex (I) Pvt. Ltd

Madras HC: Not Refusal of ITC Refund Even If Assessee Duty Drawback Claimed

The Madras High Court bench of Justice C. Sarvanan has held that the refund of input tax credit (ITC) could not refuse even the duty drawback that has been claimed by the taxpayer. The goods defined under Customs Heading No.8483-40-00 of the Customs Tariff Act 1975 have been exported by the petitioner and claimed the […]

Rajasthan Dept GST Circular No. 1/2022

GST Dept Notifies Circular No. 1/2022 for Correct Returns’ Submission

The Rajasthan State GST department has provided a circular for the correct submission of GST returns. Section 53 of CGST act/ RGST Act and section 17, section 18 of the IGST act read with Goods and Services Tax Settlement of Funds Rules, 2017 furnished for the way of the cross usage of IGST or might […]

Current GST Input Tax Credit Issues

How GST ITC Issues Harming Indian Companies and Suppliers?

India stands in the fifth year of the Goods and Service Tax regime, while the assessees and CFOs are still facing problems. GST was executed to draw clarity to the system and prevent cascading effects of the taxes and seamless flow of the ITC. One of the biggest problems beneath GST is the process of […]

26 Important GST Tasks for FY 2021-22

Mandatory GST Compliance to be Completed for the AY 2022-23

Some important GST work would need to be done as the end of the financial year has been arrived which entails some essential ramifications. The GST chores to be completed have been classified as: A. Related to Tax Compliance  B. Related to GST Input Tax  C. Related to Reconciliation  D. Related to Law  A. Tax […]

GST Rates on Air Conditioners and Spare Parts

GST Rate on Air Conditioners and Spare Parts with HSN

When the Goods and Services Tax (GST) was introduced, many electronic items saw higher tax rates. For example, air conditioners and large-screen TVs were taxed at 28%. However, following a recent GST Council decision, this rate has been reduced to 18%, effective September 22, 2025. Why Did the Price of Air Conditioners Change Because of […]

Himachal Pradesh HC Order for M/s Pooja Cotspin Limited

HP HC: Cancel Portion of ITC & Refund GST ITC with 6% Interest

The Himachal Pradesh High Court has removed the order of Excise and Taxation commissioner disallowing the portion of GST ITC and rendered the refund of the balance ITC with 6% interest. The applicant is the owner of Pooja Cotspin Limited is an enrolled dealer beneath the Himachal Pradesh value-added tax, 2005. The assessing authority assessed […]

Haryana AAAR's Order for BMW/Appellant

Haryana AAAR: No GST ITC Benefit to BMW on Demo Vehicle

The Haryana Appellate Authority of Advance Ruling (AAAR) bench comprised of Amit Kumar Aggarwal and Anil Kumar Jain held that the (ITC) is not permissible on demo cars/vehicles. Towards running a training centre for the training of Engineers and Marketing professionals BMW/Appellant has been enrolled in GST at Gurugram as a State-administered taxpayer. They get […]

CBIC Alerts Taxpayers for PAN & Aadhaar Details

Fraudsters May Use Your PAN & Aadhaar for GST ITC Evasion, CBIC

The public is said to take precautions while sharing the Aadhaar and PAN information without any valid reason or towards the financial gains specifying that the details can be misused by the bogus people for GST theft, said CBIC. Central Board of Indirect Taxes and Customs (CBIC) mentioned that the Aadhaar and PAN information would […]

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