GST on a car purchase is claimable only if the vehicle is used for business purposes such as taxi services, driving schools, or rentals. Businesses must meet these criteria to... Read More
Author: solubilis
Businesses registered under GST in Chennai can claim Input Tax Credit (ITC) on purchases used for taxable supplies, provided they possess valid invoices and the inputs have GST paid on... Read More
GST reversal refers to the repayment of Input Tax Credit (ITC) when eligibility conditions are not met, such as using inputs for exempt supplies. If ITC is wrongly claimed or... Read More