Exploring the world of input tax credit (ITC)
By: Shekhawat, Ritu
.
Publisher: Kolkata CMA Kaushik Banerjee 2023Edition: Vol.58(7), Jul.Description: 42-45p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here
In:
Management and accountant journalSummary: The Introduction of GST simplified our indirect taxes Structure by subsuming multiple taxes and eliminating the cascading effect of taxes and incorporating the concept of Input Tax Credit (ITC). However, the implementation of “ITC” has led to several challenges for the Government, especially in terms of frauds and misuse. To tackle such issues and safeguard the Government’s revenue, various measures are being taken to curb such illicit practices, thereby creating a healthy environment for taxpayers.
| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|
Articles Abstract Database
|
School of Engineering & Technology (PG) Archieval Section | Not for loan | 2023-1394 |
Total holds: 0
The Introduction of GST simplified our indirect taxes Structure by subsuming multiple taxes and eliminating the cascading effect of taxes and incorporating the concept of Input Tax Credit (ITC). However, the implementation of “ITC” has led to several challenges for the Government, especially in terms of frauds and misuse. To tackle such issues and safeguard the Government’s revenue, various measures are being taken to curb such illicit practices, thereby creating a healthy environment for taxpayers.
Click on an image to view it in the image viewer
There are no comments for this item.