Input Tax Credit claims of genuine exporters should continue, says MSME exporter - 25th January 2020
New Delhi, Jan 24 (KNN) The Input Tax Credit (ITC) on GSTN portal has been blocked in all cases where there are ongoing investigations or even if there is a mere allegation against a taxpayer of credits taken on the basis of bogus bills.
New Delhi, Jan 23 (KNN) The Central government has issued internal instructions to block Input Tax Credit (ITC) on GSTN portal in all cases where there are ongoing investigations or if there is a mere allegation against a taxpayer of credits taken on the basis of bogus bills.
The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws to encourage voluntary compliance and widening the tax base, and which involve more use of technology, people aware of the development said on condition of anonymity.
Surat: State commissioner for micro, small and medium enterprises (MSME), Ranjeeth Kumar J, said the department has not received a single file from MSME entrepreneurs for upgradation of projects in the last one decade.
New Delhi: The government is likely to provide Rs 1,000 crore for two funds for the micro, small and medium enterprises (MSMEs) in the upcoming Budget.
Madurai: Reduction in income tax (IT) and GST rates are among the key demands put forward by the Tamil Nadu Chamber of Commerce and Industry (TNCCI) in their pre-budget memorandum to the finance ministry.