Income TaxChange with regard to reporting of ITC in Table 4 of GSTR-3B now available on GSTN portal2 Sep 20220Change with regard to reporting of ITC in Table 4 of GSTR-3B now available on GSTN portal Changes related to…
Income TaxITC cannot be availed on goods or services or both received by a taxpayer on his own account for construction of immovable property25 Dec 20210ITC cannot be availed on goods or services or both received by a taxpayer on his own account for construction…
Income TaxITC: Plant & machinery will not include building or other civil structures and pipelines laid outside factory premises.23 Dec 20210ITC: Plant & machinery will not include building or other civil structures and pipelines laid outside factory premises. Here is an…
Income TaxITC can be availed on plant & machinery as defined in the explanation to Section 17 i.e., on apparatus, equipment & machinery fixed to earth by foundation or structural support16 Dec 20210ITC can be availed on plant & machinery as defined in the explanation to Section 17 i.e., on apparatus, equipment…
GSTITC cannot be availed on works contract services for construction of an immovable property except for erection of plant & machinery.13 Dec 20210ITC cannot be availed on works contract services for construction of an immovable property except for erection of plant &…
Income TaxMAXIMUM TIME LIMIT TO TAKE INPUT TAX CREDIT25 Jun 20180MAXIMUM TIME LIMIT TO TAKE INPUT TAX CREDIT Maximum time limit to take ITC in respect of supply of goods…