The Central Board of Indirect Taxes and Customs (CBIC) issued guidelines to Goods and Services Tax (GST) field officers to block Input Tax Credit (ITC). The guidelines detailed that ITC blocking should be done based on material evidence and not just out of suspicion.
Source: cleartax.in
Latest Posts in "India"
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits
- CII Urges Corporates to Transfer GST Rate Cut Benefits to Consumers Before Festive Season
- DGFT Extends Export Obligation Period, Boosting Indian Textile Exporters’ Competitiveness
- GST 2.0: New Two-Slab Tax Regime Announced, Healthcare and Essentials to Get Cheaper
- L’Oreal India Distributor Found Guilty of Not Passing GST Rate-Cut Benefits to Consumers
