Businessworld

Block ITC On Basis Of Evidence, Not Suspicion: CBIC To GST Officers

The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence' and not just out of 'suspicion'. The ...
Tax Guru

ITC Unblocked as Credit Ledger Remained Frozen Beyond One Year Limit

The issue was whether ITC could remain blocked under Rule 86A for nearly three years. The Court ruled that the restriction ...
Hosted on MSN

GST ITC rules: Invoice date doesn't matter, delivery date does; here's why

When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
The Financial Express

GST cut to lift life insurers’ premiums, but ITC loss to weigh on Q3 margins

Life insurers are expected to report a mixed performance in the third quarter. While the GST rate cut is expected to boost premium growth and profitability, margins may come under pressure due to the ...
The New Indian Express

Excessive rain and GST transition caused short-term business disruptions in Q2 of FY26: ITC

Excessive rains in many parts of the country and transition to new GST rates posed operational challenges, especially for the FMCG categories, causing short-term business disruptions during the ...
The Financial Express

ITC Q2FY26 Results Highlights: Profit up 2.6%, revenue falls 1.3%, ‘transition to new GST rates posed operational challenges,’ says ITC

The 'FMCG Others' segment saw an 8% y-o-y growth excluding notebooks. ITC Q2 Results FY25-26 Highlights:ITC reported its consolidated net profit at Rs 5,186.55 crore, up 2.61% year-on-year (YoY) from ...