Goods/Services NOT ELIGIBLE for Input Tax Credit Motor vehicles and conveyances (includes cars, buses, aircraft, trucks boats, etc), except when the taxpayer is involved in purchase and supply of such other vehicles or conveyances
The consignor can only cancel an e-Way Bill within 24 hours from the generation. The person who has generated the e-Way Bill can cancel that e-Way Bill, once an e-Way Bill is verified by an officer it cannot be cancelled.
To calculate the input tax credit (ITC) under GST, one can follow the mentioned steps as summarisesin this article. Before knowing how to calculate Input Tax Credit (ITC) under GST it is important for us to know what is the meaning of ITC.
Under Form GST ASMT-13 an order of Best Judgement Assessment is passed A proper officer has the power to conduct a Best Judgement Assessment when registered person fails to file his/her return.
3 months ago