Input Tax Credit on drinking water Dear Reader,The admissibility of input tax credit (‘ITC’) on drinking water consumed at workplaces like factory, offices etc.has been a debatable issue under GST. In this regard, please find ‘NITYA’s Outlook – Issue 3’ on...
Includability of tool amortization cost in assessable value of goods for levy of GST This is to update you on a recent ruling of the Authority on Advance Rulings in Karnataka (‘AAR’) in the case of Nash Industries (I) Private Limited, 2018-VIL-266-AAR. The AAR has...
Time limit for taking Input Tax Credit pertaining to Financial Year 2017-18 Dear Reader,It was a bold step for the Government to introduce GST to meet its deadline of July 1, 2017 though itsinfrastructure was not fully ready. The journey has been challenging for the...
Time limit for taking Input Tax Credit pertaining to Financial Year 2017-18 It was a bold step for the Government to introduce GST to meet its deadline of July 1, 2017 though its infrastructure was not fully ready. The journey has been challenging for the government...
Admissibility of credit on cars including demo cars Dear Reader,The admissibility of input tax credit (‘ITC’) on drinking water consumed at workplaces like factory, offices etc.has been a debatable issue under GST. In this regard, please find ‘NITYA’s Outlook –...
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