Tag: input tax credit
Input tax credit relief for companies on staff cars, insurance likely
New Delhi: Companies may soon be allowed to claim input tax credit (ITC) on vehicles purchased in the company’s name for employees’ use and on…
GST law panel clears proposal to shield buyers’ input tax credit from supplier defaults
New Delhi: The GST Council‘s law committee Friday cleared a proposal aimed at protecting buyers from losing input tax credit (ITC) if suppliers fail to…
From GST to tariffs, for insurance sector, it’s been a year of reset, realignment and renewed focus
As calendar year 2025 comes to a close, the Indian insurance sector stands at a transformative juncture. This year has brought sweeping changes, from GST…
GST rate rationalisation has largely fixed inverted duty structure, says Sitharaman
Finance minister Nirmala Sitharaman on Tuesday said the recent goods and services tax (GST) rate rationalisation has “largely corrected” the inverted duty structure faced by…
Delhivery arm Ecom Express gets Rs 1.3 crore over input tax credit
Logistics provider Ecom Express has received a tax demand under the provisions of Goods and Services Tax (GST) of Rs 1.31 crore, said owner Delhivery…
MSMEs seek GST automation, concessional input rates
The Federation of Indian Micro and Small & Medium Enterprises (FISME) has asked the government to establish an automatic refund mechanism for input tax credit…
Short end of the GST stick makes one shine, leaves another guessing
As the government’s GST rate cuts draw applause, two winners have already emerged — the Indian consumer and FMCG firms. The sector left holding the…
Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0
As India commemorates eight years of GST, the business community is increasingly vocal about the need for reforms that enhance working capital efficiency. Reflecting on…
How GST 2.0 can transform the MSME sector
Micro, Small and Medium Enterprises (MSMEs) are essential for India’s economic growth, creation of employment and supporting large industries with cost-effective solutions. Over the years,…
GST regulations: Govt can support exporters by addressing existing gaps, ambiguity in GST regulations
MUMBAI: At a time when India’s merchandise exports have been declining for the last five consecutive months, tax experts suggest five key changes in GST…