The building of capacity by adding 4 new private IRPs by the Govt should help taxpayers make this transition,” Mahanti said.”There is also an implication for large anchor clients who procure from the smaller taxpayers as they will have to ensure that sellers generate e-invoices so that they can avail Input Tax Credit (ITC),” he added.
Source: newindianexpress.com
Latest Posts in "India"
- VAT Pre-Deposit Refund Must Be Paid in Cash Under GST, Rules Madras High Court
- Karnataka High Court: Limitation for GST Refund Mandatory, Delay Condonable Under Writ Jurisdiction
- Karnataka High Court: GST Refund Limitation Mandatory, Delay Condonable Under Writ Jurisdiction
- GST Refund Limitation is Mandatory, but High Courts Can Condon Delay in Genuine Hardship Cases
- DGFT Tightens Certificates of Origin Rules, Mandates Automated Verification and Authorised Issuance
