TOPIC
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.
