Web5 hours ago · The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that assessees could not claim cost of improvement and indexation cost unless they provide evidence to prove construction.. Assesse Vasamsetty Veera Venkata Satyanarayana, is an individual and derives income from business, long term capital gain … Web7 hours ago · The Delhi High Court has held that the GST department cannot reject a refund without any corroborative evidence and is directed to pay the refund claim along with interest. G S Industries, the petitioner has filed the present petition to issue directions to the respondent to refund the tax amounting to ₹23,10,333/- claimed by the […]
When you can claim a GST credit Australian Taxation Office
Web1 hour ago · According to a report in The Economic Times, the show-cause notices, which were sent by the Mumbai, Ghaziabad, and Bengaluru offices of DGGI, claimed that these companies issued fake invoices for many insurance companies without providing any service, which under the GST law which is a punishable offence. WebAug 6, 2024 · In a nutshell, you need not have a limited company to create invoices. There are several businesses across the country that operate as a sole proprietor. You can legally issue an invoice in the name of your client. But it is unlike the GST tax invoices. A GST invoice is a detailed document issued under section 31 of the CGST Act, 2024. grandbaby cakes mac and cheese
Go Digit, Policybazaar, HDFC Implicated in INR 2,250 Cr GST …
WebJan 31, 2024 · Overview. As a GST/HST registrant, you recover the GST/HST paid or payable on your purchases and expenses related to your commercial activities by … WebRules for tax invoices are changing on 1 April 2024 Summary of all the changes on the way. How tax invoices for GST work When GST-registered customers need to get and issue tax invoices and what the invoices need to show. Buyer-created tax invoices In some situations a buyer is in a better position than a seller to issue a tax invoice. Buyers ... WebMar 27, 2024 · The CBIC has clarified that the Input Tax Credit MUST BE AVAILED as per the invoice details available in GSTR-2B. The invoice details in the GSTR-2A shall not be used to avail of the Input Tax Credit. Whatever details you have to check in regards to your Input Tax Credit details, you MUST refer to GSTR-2B Reconciliation only. grandbaby cakes recipes for gravy