CBIC issued a new circular to clear the air over 20% cap on input tax credit. GST Return: Tax experts have sought clarity over certain provisions of the latest circular issued by the GST policy wing ...

Calcutta High Court held that GST Circular issued by Central Board of Indirect Taxes & Customs [CBIC] are binding on all the departmental officers but at the same time circular should not be treated ...

CBIC's new circular clarifies confusion about 20% cap on ITC claims. GST News: In a big relief for GST taxpayers, the Union government on Monday clarified the new rules related to availing input tax ...

The Court held that refund claims filed within statutory limitation cannot be rejected merely due to filing after a cut-off date, striking down the impugned circular and directing refund ...

Are states now defying the Centre's authority on GST matters? A recent circular issued by Department of GST in Maharashtra clearly indicates that the state will have a last say on applicability of a ...

The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...

In significant relief to companies with branches in multiple cities, the finance ministry clarified the distribution of input tax credit between the head office and branch office as well as on the ...

The said circular had created confusion, with this, leaving an onus on ITeS service providers self-assessing on whether they qualified as an intermediary.(Photo: Mint) The Central Board of Indirect ...

The Finance Ministry has issued a detailed circular clarifying the scope of intermediary services. This circular is the first step to address the difficulties being faced by trade and industry due to ...

MADURAI: The Agrofood Chamber of Commerce and Industry has requested Minister for Commercial Taxes P Moorthy to withdraw the recent amendments to the GST Circular and implement former State ...

The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment ...