Input Tax Credit
- Authored Article
Purchase Invoice Digitization- A Root Cause fix for ITC Maximization
In today’s digital age, businesses are increasingly relying on technology to streamline their operations and remain competitive. However, many still…
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Refund for Unutilised Input Tax Credit Can’t be Claimed on Input Services: Supreme Court
The bench said, "When there is neither a constitutional guarantee nor a statutory entitlement to refund, the submission that goods…
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Racket Busted Of Large Number Of Non-Operational Partnership Firms Falsely Claiming Refunds Against Accumulated ITC
During the search,none of the firms were found to be existing/operational at their declared premises. Further investigations revealed that two…
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