reversal of itc - AnpTaxCorp

No Interest or Penalty Chargeable If Wrongly Claimed ITC is Reversed Before Use: Punjab & Haryana High Court Order Dt. 21 September 2023

14 December 202324 November 2023 by Adv Aditya Narayan

Interest & Penalty cannot be Imposed if Wrongly Claimed Input Tax Credit (ITC) is Reversed Before Use – Punjab & Haryana High Court Order for Deepak Sales Corporation Legality of Imposing Penalty & Interest When Wrongly Availed ITC is Reversed …

Please share

Reversal Of Input Tax Credit under GST Act 2017: A Comprehensive Analysis

26 September 202326 September 2023 by Adv Aditya Narayan

Introduction Input Tax Credit (ITC) is a tax benefit that allows you to offset the tax you’ve paid on your purchases (inputs) against the tax you need to pay on your sales (outputs). Essentially, if you’re a GST registered manufacturer, …

Please share