Saturday, December 28, 2019

Government notifies changes to rules on input tax credit

Tax authority given the right to restrict the use of balance in electronic credit ledger. In an effort to curb the menace of fake invoices and tax evasion, the Finance Ministry has notified a new norm of limiting the input tax credit to 10 per cent in case of GST details mismatch. Experts feel that […]

from GST India-Goods and Services Tax in India https://ift.tt/2Q2eQaA

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