Tuesday, January 24, 2017
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Tag: input tax credit

System of Input Tax Credit in Goods and Services Tax

How the System of Input Tax Credit in Goods and Services...

In an attempt to make possible a full-fledged and flawless credit throughout the complete supply chain under a common tax base, the Goods and Services Tax has come into...
Demand and Recovery under Model GST Act

Demand and Recovery under Model GST Act- A Quick Walk Through-...

This is in continuation to our Demands and recovery under Model GST Act quick walk through; here we would share a quick guide for the Recovery provisions under the Model...
Demand and Recovery Under GST Act

Demand and Recovery under GST Act – A Quick Walk Through

Demand and Recovery under GST Act (Model Version) are basically laid down for the department, for providing them a framework in order to raise a demand on non-payment of any tax, interest or...
Credit Mechanism for input tax credit under model GST Bill

Key aspects of Input Tax Credit under Model GST Law

Here we talk about one of the many aspects i.e. Input Tax Credit (ITC) as a part of the Model GST Law that has been the talk of the...
Input tax credit for Job work

Input Tax Credit on Inputs sent to Job-worker for Job-work under...

Understanding Input Tax “Input tax” means the {CGST and IGST}/{ SGST and IGST} paid on any goods or services which are used or will be used, in the due course...
GST

All about Taxation under GST

The much-awaited Goods and Services Tax has recently becomes a law with President Pranab Mukherjee signing it after ratification by 16 states. With the placement of the Bill for Goods...

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