Tag: ITC CREDIT
Extraordinary high transitional credit claim of CGST under scanner. Taxpayers advised to revise Form TRAN-1 by 27-12-2017 for wrongly claimed ITC. Press Information Bureau Government of India Ministry of Finance 12-December-2017 15:41 IST Filing of Form TRAN-I to avail Input Tax Credit Transition to GST provided for trust …
Exporters advised to file Table 6A and GSTR 3B for processing of IGST and unutilised ITC Refund Press Information Bureau Government of India Ministry of Finance 29-November-2017 12:07 IST Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the …
Refund of unutilized ITC of GST paid on inputs for fabric export-clarification Circular No. 18/18 /2017-GST F. No. 354/320/2017-TRU -Pt.1 Government of India Ministry of finance Department of Revenue Tax research Unit **** North Block, New Delhi 16th November 2017 The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioner of …
GSTR-2 ITC Credit-Look at count and amount of ITC at invoices uploaded from suppliers. Difference between GSTR-2A & GSTR-2 can be for this reason Invoices under GSTR-2 will start showing up on summary screen as well as inside GSTR-2 only after an action is taken on the invoice …
GST Form ITC-01 due date extension to 30th Nov-2017 for making declaration to avail input tax credi Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 52/2017 – Central Tax New Delhi, the 28th October, 2017 G.S.R. …..(E). In pursuance …
ITC under DVAT can not be denied to a bona fide purchaser who enters into a purchase with a registered selling dealer who issued a tax invoice reflecting TIN number-High Court ABCAUS Case Law Citation: ABCAUS 2107 (2017) (10) HC The Challenge/Grievance: A bunch of writ petitions …
Taxpayers guide to how ITC Values are calculated in GSTR-2. Default ITC eligibility auto-populated These can be edited by the taxpayer Taxpayers guide to how ITC Values are calculated in GSTR-2 The GST System auto-populates the default ITC eligibility as ‘input’ and default ITC availed value as the …
GST-Refund of unutilised Input Tax Credit (ITC) A Guide by CBEC Accumulation of Input Tax Credit happens when the tax paid on inputs is more than the output tax liability. Such accumulation will have to be carried over to the next financial year till such time as it …
No refund of unutilised input tax credit on corduroy fabrics supply – Notification MINISTRY OF FINANCE (Department of Revenue) Notification No. 29/2017-Central Tax (Rate) New Delhi, the 22nd September, 2017 G.S.R. 1191(E).—In exercise of the powers conferred by sub-section (3) of section 54 of the Central Goods and Services …
ITC credit claim of more than Rs One crore to be verified by matching credit claimed with closing balance in returns filed under earlier laws MAHENDER SINGH Special Secretary & Member GOVERNMENT OF INDIA MINISTRY OF FINANCE / DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NORTH …
