25 January 2021 As per Section 16(4), any Assessee claimed ITC for any year Till the due date of filing of September return or filing of annual return whichever is earlier. So, notice is valid. The only solution of the above mentioned problem is appeal. Message likes : 1 times DHARME...
The principal can claim the input credit on the goods sent for job work if the goods are sent to the job worker from the principal’s place of business. The input credit can also be claimed if the goods are sent directly to the job worker without coming to the principal’s place of b...
It is to be noted that ITC will not be permitted if devaluation has been claimed on the tax component of capital goods. ITC on job work A manufacturer may not execute the end-to-end production and send goods to a job worker for further processing. During such a situation, the main manu...
A taxable person who has registered can get ITC in the prescribed time and manner. In the table below, you can see different situations in which inputs can be claimed for stock, semi-finished goods, or finished goods. Other conditions: ITC mentioned in the above situations can be claimed w...
Payment of invoice to the supplier should be done within 180 days from the date of issue of invoice. No ITC will be allowed if depreciation has been claimed on tax component of capital goods. There is a time limit for claiming ITC which is earlier of Return filing due date of September....
Further clarification on this point was provided by Budget 2024, which announced that the Clean Electricity ITC will be restricted to be claimed by certain eligible Canadian corporations. These eligible Canadian corporations will include:Taxable Canadian corporations; Provincial and territorial Crown ...
GSTR 2B - ITC to avail Next month ... Facing ITC Mismatched Problem Refund of unutilized credit of ITC or Excess balance in cash ledger due yo TDS/TCS credit Doubt regarding ITC Reversal Can ITC b availed in absence of tax invoices GSTR 3B ITC wrongly claimedPopular...
Background and Aims: There has been limited research addressing changes in subjective well-being as a result of quitting smoking. This paper examines recent ex-smokers’ well-being related experiences overall and as a function of (1) duration of cessatio