FROM OUR BLOG
Latest tax insights
- Input Tax Credit Admissible on Demo Vehicles Under Dealer Agency ModelDealers working on the agency model can now claim GST input tax credit on demo vehicles after CBIC withdrew its earlier restrictive view.
- Revenue Clarifies Input Tax Credit Apportionment and Return Reporting Rules for Banking EntitiesWhich bank units can use the 50% ITC option, and when inter-branch supplies get full credit relief: what the new clarification says for banks.
- Revenue Clarifies Procedural Framework and Eligibility Rules for Input Service DistributorsNew ISD rules: recipient units, not the distributor, must check eligibility and reverse credit; ISD invoices stay out of turnover for refunds.

