Delve into the insights shared at the National Conference of Enforcement Officers on 4th March 2024, focusing on enforcement initiatives such as National Special Drive, actions by the Centre and State, technology interventions, and policy changes. Uncover details on fake billing structures, motives

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The Inland Transport Committee (ITC) has adopted a strategy to reduce greenhouse gas emissions from inland transport, aligning with the goal of achieving net-zero emissions by 2050. This strategy includes a focus on reducing GHG emissions, setting strategic objectives, implementing climate actions,

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Exciting changes are coming to the Initial Test of Competence (ITC) in 2025, including adjustments to the exam structure, mark allocation, number of papers, competency framework, and more. The new competency framework emphasizes six competency areas, with a focus on an even spread over three papers.

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The Kerala High Court upheld Sections 16(2)(c) and 16(4) of the CGST Act, affirming their constitutional validity. The court ruled that Input Tax Credit (ITC) is a conditional entitlement, not an absolute right. The judgement emphasized the importance of the statutory scheme, rejecting challenges to

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Explore the key updates from the 53rd GST Council Meeting, including Circulars 224\/18\/2024 GST, 225\/19\/2024-GST, and 226\/20\/2024-GST. Understand the amendments from Notification No. 12\/2024-Central Tax affecting corporate guarantees, ITC distr

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Cold Storage Nutan Rajumani Transport (P) Ltd has been a leading logistics service provider in India since 1965, celebrating 50 glorious years. Their motto is to create opportunities and their vision is to be the best in India. With a strong clientele including ITC Ltd, Asian Paints, and others, NRT

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Value addition in Indian agriculture is low due to poor processing levels. Contract farming is being considered to integrate agriculture production into the global value chain, but concerns about unequal bargaining power between farmers and corporations exist. Various forms of contract farming exist

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GST returns play a crucial role in the tax system by providing necessary information to the government in a specific format. They include details of outward and inward supplies, ITC availed, tax payable, and more. Filing returns ensures timely transfer of information, aids in tax liability determina

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The GST portal now features a new RCM liability\/ITC statement, effective August 2024. Taxpayers must declare their opening balance by October 31, 2024, with three opportunities to correct errors by November 30, 2024. This update aims to enhance accu

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The new Invoice Management System (IMS) on the GSTN portal, launching in October 2024, aims to streamline the GSTR-2B invoice matching process. This update simplifies claiming Input Tax Credit (ITC) by allowing businesses to easily match, accept, or

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The International Trade Centre, a joint agency of the United Nations and World Trade Organization, supports small businesses globally in engaging in international trade. With a vision of creating inclusive, sustainable economies, ITC focuses on areas like regional integration, resilient value chains

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Delve into the intricate workings of memory, attention, and cognitive processing in the brain as explored by Prof. Jan Schnupp. Discover the various types of memory, including short-term and long-term, procedural, declarative, and more. Explore the concept of working memory and its neuronal mediatio

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The IEEE Internet Technical Committee (ITC) met in December 2013 in Atlanta, USA. The meeting included various agenda items such as introductions, award announcements, conference updates, and discussions on roles and recertification. It highlighted the officers, community members, and past chairs of

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Value addition in Indian agriculture has been low due to limited processing levels. Contract farming is emerging as a viable solution to integrate agriculture production into the global value chain, albeit with concerns about unequal bargaining power. Various forms of contract farming exist, with ex

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Dive into the world of Input Tax Credit (ITC) with a focus on basic provisions, eligibility criteria, conditions, apportionment of credit, and blocked credit as outlined in Sec-16, Sec 17 (1) to (4), and Sec 17 (5) of tax laws. Gain insights into how businesses can effectively utilize ITC while navi

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Practical overview of GST computation for real estate transactions in Bangalore, with details on old rates with ITC and new rate regime effective from April 1, 2019. The content discusses different transactions, conditions for new rates without ITC, and provides insights on the 80:20 computation met

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This content provides a comprehensive overview of Input Tax Credit (ITC) provisions in taxation, covering eligibility criteria, conditions for claiming ITC, issues related to excess or wrong tax charged by vendors, receipt of goods/services, blocked credits, apportioned credits, and more. It discuss

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Introduction to GST refunds focusing on refund of accumulated credit under GST for zero-rated supplies, the procedure for claiming refund of accumulated ITC, and filing and obtaining GST refund. It covers the eligibility criteria, required documents, formula for calculating refund amount, and step-b

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Explore the rationale behind the existence of antidumping and countervailing duty laws in the U.S., the roles of Commerce and the ITC in enforcing these laws, definitions of dumping and antidumping duty, and the nuances of fair comparison in determining unfair trade practices. Learn how these laws a

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