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Latest Articles in input tax credit ITC

GST Officers Make Two More Arrests For Involvement In Fake ITC Racket

The ministry said on further investigation by GST officers , the role of two more key persons -- Manish Modi and Gaurav Agarwal -- has also surfaced.

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Realtors' Body Credai Seeks Input Tax Credit On GST

Credai demanded that the government should allow developers to choose between a 12 per cent GST rate with ITC (assessment scheme) and a 5 per cent GST rate without ITC (composition scheme), providing them with the much-needed financial flexibility during these testing times.

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GST Officers Detect Rs 4,000 Cr Of ITC Fraud In Apr-Jun

In reply to a separate question, Chaudhary said the mechanism for claiming Goods and Services Tax (GST) refund by exporters is a streamlined process.

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Centre-AP GST Officers Discuss Plugging Revenue Leak Through Joint Action

In the last four years since the implementation of GST, the major source of revenue leakage has been the unlawful or bogus claims related to Input Tax Credit (ITC) with fictitious invoices

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GST Officers Arrest Two For Passing Bogus ITC Worth Rs 392 Cr To Essel Group Cos

Investigations indicate that a layer of genuine looking fictitious intermediary companies was created to pass on bogus ITC from non-existent and fake firms to the companies of Essel Group without actual supply of any goods or services.

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