GST Credit

Apart from payment delays, the rising cost of raw materials was a worry for a brass and iron manufacturer in the city

RE for CGST may be higher than BE in the interim Budget today

Experts divided on whether the verdict will set a precedent in similar cases

DGGI has unearthed number of modus operandi by which tax evasion has been done in the recent past

Case relates to rule 117 of CGST Act, which set 90-day limit for claiming transitional Cenvat credit from date of GST roll on July 1, 2017. HC held that the time limit is directional and not mandatory

Court says 90-day limit after GST rollout under rule 117 of CGST Act, on which revenue dept relied, is directional, not mandatory

Two years after its launch, the government has begun the review of GST, including a possible resetting of rates along with the slabs, the Standing Committee on Finance headed by Jayant Sinha said

Discrepancy in GSTR-3B (summary returns) and GSTR-1 (supplies return), and generating e-way bill but not filing returns, are also the parameters based on which alerts are generated

Though the reasons cited in the circular issued to block the credit may be genuine such as unutilisation of inputs for furtherance of business