Call us @ 08069405205
GS Paper 3 Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Context: The Central Board of Indirect Taxes and Customs (CBIC) has come out with norms on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of ‘material evidence’ …
GS Paper 3 Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Context: The Supreme Court has confirmed a Madras High Court judgment which upheld a fiscal formula included in the Central Goods and Service Tax Rules to execute refund of unutilised Input Tax Credit (ITC) accumulated on …
Topics Covered: Inclusive growth and issues arising from it. Input Tax Credit What to study? For Prelims: ITC- meaning, objectives and key features. For Mains: Need for and significance, concerns over it’s misuse and need for reforms. Context: Restrictions imposed on the input tax credit, used by business establishments to reduce their tax liability, on …
