India’s Central Board of Indirect Taxes & Customs (CBIC) issued several circulars on 11 October 2019 that clarify various aspects of the application of goods and services tax (GST) and a notification on 9 October 2019 restricting the availability of an input tax credit (ITC) on unreported invoices/debit notes.
Source: Deloitte
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System