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 ...

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 ...

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 ...

Infosys and other software businesses that are threatened by large goods and services tax (GST) demands may find some comfort from the move. Central Board of Indirect Taxation and Customs has ...

A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.

The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment ...