Monday 14 August 2017

Return filing date for July to be extended by 1 week, tweets CNBC TV18

GST Law Committee decides to extend deadline for filing tax return for month of July, 2017 by 1 week; Tax payers will have to pay tax due post adjustment of input tax credit (ITC) by Aug 20; Such extension valid only for those who have to claim (ITC); Further, GSTN to put in place ITC claim forms, TRAN 1 & TRAN 2 by August 21: CNBC TV 18 tweets  
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HC upholds validity of provisions restricting ITC where supplies are taxed under RCM

  This Tax Alert summarizes a recent judgement of the Delhi High Court (HC) [1] dealing with the issue of denial of input tax credit (ITC) ...