The Supreme Court clarified that if the construction is crucial for business activities, it could qualify as a “plant,” and thus be eligible for ITC under GST. This case underscores the evolving …

The GST on multimodal transport is charged at 12% (6% CGST + 6% SGST) for intra-state and 12% IGST for inter-state transport. For example, if you are moving goods from Delhi to …

structure of road construction projects and the creation of SPVs. SPVs which typically render nil rated or exempted supplies will, under the GST regime have an accumulation of ITC because …

Whether the applicant is eligible for Input Tax Credit (ITC) in respect of the GST paid on goods and services used as inputs in execution of ”Works Contracts” specifically in execution of …

2 天之前 · Understand GST implications for Multimodal Transportation (MMT) and its distinction from Goods Transport Agency (GTA) services, covering tax rates, ITC, and compliance.

Since the outward services supplied by the private player qualify to be “works contract services”, it would be eligible for full input tax credit and in case it is receiving the inward works contract …

You can claim a credit for any GST included in the price of any goods and services you buy for your business. This is called a GST credit (or an input tax credit – a credit for the tax included …