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BreakingITR Filing Deadline July 31: Avoid These 5 Common Mistakes to Prevent Tax Notices1/6
Topicin Business & Economy

Input Tax Credit

Latest news, explainers and analysis on Input Tax Credit. Tracking 1 stories on Arth Vani.

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Regulatory Update26

Latest on Input Tax Credit

GST Panel May Allow Tax Credit Transfer within Corporate Groups; Intra-Group Guarantees Could See Exemption
Business & Economy

GST Panel May Allow Tax Credit Transfer within Corporate Groups; Intra-Group Guarantees Could See Exemption

A key GST panel is reviewing significant industry suggestions, including allowing companies within the same corporate group to transfer unused input tax credit and exempting intra-group corporate guarantees from tax. These proposals, aimed at boosting ease of doing business and improving corporate cash flow, will be put before the GST Council for its next meeting.

6h ago·2 min readListen
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