Sunday, May 29, 2022

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Input Tax Credit

Finance Ministry notifies 12 per cent GST to bring uniformity in textiles, apparels, says it will correct duty anomaly: Details

The Finance Ministry said uniformity in GST rates would aid the resolution of input tax credit residues

GST exemption on hand-sanitiser has the potential to increase price of domestic products and incentivise import from China: Read how

Exemption of GST on a product blocks the input tax credit available for a manufacturer, which gets added to the retail price

How GST has now helped catch a suspected bank loan fraud

GST's mandate is not to catch bank frauds, but the systems in place in the GST law have helped trace such a potential fraud.

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