Zen Tax Clinic

Opening balance of RCM ITC can be reported in the new facility available in portal 

In Bill to-Ship to transactions, there would be 3 parties and 2 invoices involved. Therefore, both buyers can avail credit using the invoices received from ...

Yes. As a company cannot operate without providing benefits to its stakeholders, any expenditure in relation to CSR is made in the course or furtherance of ...

Yes. ITC can be claimed as the construction directly contributes to the further outward supply

The Conference services provided by the supplier is a principal supply and any consideration collected from the attendees is deemed to be collected inclusiv...

Yes. As the main intention to provide demo pieces is to garner the prospective new customer, it is an integral part of business and hence, ITC can be availed

Yes. ITC can be claimed on the full value of purchases

The ITC of payment made under RCM shall be taken in the same month for which RCM is paid. But the RCM payment shall be paid only by debiting the Electronic ...

It is to be noted that the time limit taken into consideration is only the due date of filing September return and not the date of filing September return. ...

No. GSTR2A was introduced only from 09-10-2019. Therefore, ITC before that period cannot be denied on the grounds that it is not reflected in GSTR2A