Input tax credit will not be available for goods or services exclusively used for personal use, exempt supplies and supplies for which ITC is specifically not available To calculate the input tax ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...

As an entrepreneur, every rupee saved is a rupee earned. Managing business expenses wisely is crucial, and leveraging the Input Tax Credit (ITC) system under GST can significantly reduce your tax ...

Health insurance firms may raise policy tariffs by 3-5% to offset their losses incurred from the input tax credit. Here's what industry experts think of this potential move, and how risky it is for ...

Thiruvananthapuram: The state goods and services tax (GST) department has set November 30 as the last date for recording input tax credit for 2022-23 and for correcting any anomalies in tax filings.

While not directly tied to credit card transactions, income tax may apply to the rewards and cashback you receive from your credit card issuer. Representational image/Pixabay Diwali, along with other ...