Tax Guru

GST Rule 86B: Restriction on ITC Utilisation – Practical Insights & Legal Position

The dispute arose due to mechanical application of Rule 86B by tax authorities. It was held that satisfying exception ...
Tax Guru

GST Rule 42/43: Reversal of ITC on Inputs/Input Services & Capital Goods

Judicial precedents confirm that where goods or services support taxable supplies, only proportionate ITC reversal is permitted. Complete denial of credit would violate the value-added taxation ...
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GST New Rules: GST rules will change from April 1, know how much it will affect your pocket..

It will not be easy to steal GST data and commit fraud in GST now. From April 1, the Multi-Factor Authentication (MFA) rule is going to be implemented for all users registered in GST. With the ...
Forbes

Conditions To Claim Input Tax Credit Under GST

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...
JD Supra

GST/HST Input Tax Credits for Dentists: Canada Revenue Agency Revokes Administrative Arrangement

New GST/HST Notice 339, published on October 25, 2024, provides that as of the first day of the fiscal year that begins on or after January 1, 2025, dentists will no longer be able to claim GST/HST ...