This clarity is in addition to various notifications issued by the Central Board of Indirect Taxes and Customs (CBIC) on July 10 to give effect to the recommendations made in 53rd GST Council meeting held in June.
According to the notification, companies can avoid this charge if they claim full tax credit and deal only with taxable goods and services. However, as per experts, businesses earning even a small portion of exempt income will still face complexities in valuing guarantees for tax purposes. They have sought for further guidance to address issues for businesses with mixed taxable and exempt income.
Denne historien er fra July 12, 2024-utgaven av The New Indian Express.
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Denne historien er fra July 12, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Sensex falls 1% on global cues, dull corp earnings, Middle-East tension
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18 MISSING AFTER KEDARNATH LANDSLIPS
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8 dead, over 45 missing in Himachal cloudbursts
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Parched Kashmir records 44% rain deficit in 2 months
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