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input tax credit

GSTN to launch invoice management system from October 1

GSTN to launch invoice management system from October 1

Tue, Sep 03, 2024

In an advisory to Goods and Services Tax (GST) payers, GSTN said to enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the IMS is being launched.

GST Council mulling to modify monthly tax payment form for better input tax credit reporting

GST Council mulling to modify monthly tax payment form for better input tax credit reporting

Sun, May 22, 2022

The modified form will provide clarity with regard to gross input tax credit (ITC) due to the taxpayer, the amount claimed in a particular month and the net amount left in the taxpayer's ledger, according to officials.

GST taxpayers alert! Input Tax Credit (ITC) clarification from Finance Ministry - Must know for March 2021

GST taxpayers alert! Input Tax Credit (ITC) clarification from Finance Ministry - Must know for March 2021

Mon, Mar 22, 2021

Ministry of Finance has issued a statement in which it said that taxpayers are free to utilise Input Tax Credit (ITC) available in their credit ledger as permissible by law to discharge their GST due for March month.

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Nasscom meets GST Council on concerns over implementation

Nasscom meets GST Council on concerns over implementation

Tue, Jan 03, 2017

Cautioning that current form of GST implementation could pose serious challenges for IT sector, industry body Nasscom on Tuesday met the GST Council to express concern on tax treatment of software and make a case for 'single registration' under the new regime.

Retail CFOs feel GST may complicate input tax credit return filing

Retail CFOs feel GST may complicate input tax credit return filing

Mon, Oct 17, 2016

Retailers Association of India’s retail CFO summit on Friday shined light on the changing market scenario in India, with various stakeholders deliberating on the changing role of the Chief Financial Officers (CFOs) as well.

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