The Karnataka Authority for Advance Ruling (AAR), ruled that claim of Input Tax Credit can be made under the Marginal Scheme for expenses like Rent, Advertisement, etc. The applicant, M/s Attica Gold Private Ltd stated that they are into the sale of second-hand goods i.e used gold jewelry which they are buying from individuals who…
Source Taxscan
Latest Posts in "India"
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand
- GST Council Proposes Major Tax Reforms: Simplified Rates, Exemptions, and Reductions
- India’s GST Council Recommends Tax Exemptions, Simplified Structure, and Rate Reductions Effective September 22
- Nirmala Sitharaman Explains GST Reforms Using Popcorn Example to Highlight Classification Challenges
