Searched for
GST TRANSITIONAL CLAIMS
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...- Insurers face margin pressure amid rising competition, costs; rural protection gap persists: ReportIndian insurers are feeling the pinch from fierce price wars and increasing operational expenses. To thrive, they must manage capital wisel...
- India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind VirmaniIndia must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani e...
- CAG asks CBIC to complete verification of GST transitional credit claimsCAG recommended that the indirect tax department should complete the verification of transitional credit allowed under the GST mechanism.
- Supreme Court permits companies to claim transitional tax creditWhen India moved to the GST regime in 2017, companies had to transition the credit sitting on their books. So, the closing balance in the o...
- 'Retrospective amendment' in GST law: Companies file writ petition in Delhi High CourtThe companies claim the government amended the law prohibiting companies to avail tax credit if they had “forgotten” about it only after fe...
- Realtors told to reverse transition creditThe indirect tax department wants real estate developers, who were setting off taxes paid under earlier tax regime against the GST, to reve...
- Proprietors, LLPs, HUFs under CBEC scanner for claiming transitional creditThe Central Board of Excise and Customs, according to sources, has shared the list of such entities, along with the returns filed and trans...
- CBEC to verify GST transitional credit claims of 50,000 taxpayersThe verification of "unreasonable" transitional credit claims would be conducted in four phases, a source said, adding that credit verifica...
- Companies unlikely to get transition credit for cesses paid earlierAlthough the government had made it clear at the outset that no transition credit would be available after implementation of the GST regime...
- After Delhi HC relief on transitional GST credit, govt urges cautionThe government is undertaking an analysis of claims filed so far to identify units where high transitional credit has been claimed and for ...
- Revise erroneous credit claims under GST by December 27: Government to taxpayersThe shift to Goods and Services Tax (GST) provided for trust-based transition of input tax credit of the existing taxpayers, it said in a s...
- Businesses can revise GST transition claim form nowForm TRAN-1 declaration is to be filed by persons registered under GST law who wish to claim credit for taxes paid under pre-GST regime.
- Valid transitional credit claims just Rs 12,000 crore: GovernmentEarlier in the day, the finance ministry issued a statement to allay concerns about high transitional credit claims, saying the Centre's re...
- 5,000 companies face queries on GST transition creditTaxmen suspect that some companies are misusing the provision and have filed fake returns to claim high transitional credits.
- 160 companies to get notices on transitional GST creditsIn some cases, the indirect-tax department is also asking companies – particularly some Hyderabad-based infrastructure establishments — to ...
- GST transitional claims of over Rs 1 crore to be scrutinisedTo ensure only eligible credit is carried forward in the GST regime, the CBEC has asked field offices to match the credit claimed with clos...
- Rs 65,000 crore GST credit: CBEC scans high-value claimsBusinesses have claimed a credit of over Rs 65,000 crore for excise, service tax or VAT paid before the GST was implemented from July 1.
- Industry gets 90 days to claim credit for GST transition stockThe rules approved by the GST Council provide that "every registered person shall, within 90 days of the appointed day, submit a declaratio...
- 5 things to consider when making the transition to GSTThe expected date of implementation of GST being July 1, 2017, transitional issues becomes particularly relevant as the entire system of in...
Load More
