Unsold Flats ITC Implication
Should you reverse the ITC on unsold flats in a real estate project completed before 01-04-2019? The amendment to R42 effective from 01-04-2019 requiring ITC reversal ....
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GST Circulars play a role in providing clarity and can pave way for innovative cross applications.
A noteworthy example is when AAR MH utilized a circular that clarified exemption on maritime training services to conclude on availability ....
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"Landmark ITC Ruling"
A victory with caveats for taxpayers, a vindication for the Revenue on the vires of Section 17(5)(c)/(d), and a subtle call for correction in the distinction between "....
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"ITC Rectification Procedure"
A special procedure has been announced for the rectification of orders related to the disallowance of ITC u/s 16(4) beyond the stipulated time limit. Key details inclu....
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Some key considerations while replying to a GSTR 2A Vs GSTR 3B notice (on merits)
See the basis adopted by the notice: If it's based on table 8A of GSTR 9, it had a cut off date for each of the years concerned and ITC coming in 2A beyond ...
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