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| November 2024 (Week 2) | ||
GST NEWS BULLETIN
Unlock GST Savings for your next event: How did Tollygunge Club find a 5% tax rate advantage?
Planning an event involves many decisions, and managing costs is crucial.
For businesses providing event services, structuring offerings correctly under GST can significantly impact the tax rate and final cost.
Denial of Input Tax Credit for Non-Remittance of Tax: Kerala High Court's Ruling
Facts of the case: In Tirupati Balaji Traders v. Union of India (Kerala High Court, July 24, 2024, W.P. (C) No. 16259 of 2024), the petitioner, a purchasing dealer, paid the full tax amount to the supplier but was denied Input Tax Credit (ITC) because the supplier had not remitted the tax to the government.
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