Impact of GST on Input Tax Credit: Respondent Gains Additional 3.94% Benefit in Turnover Post-GST Implementation.

Impact of GST on Input Tax Credit: Respondent Gains Additional 3.94% Benefit in Turnover Post-GST Implementation. https://www.taxtmi.com/highlights?id=50453 Profiteering - sale of flats - the ITC as a percentage of the turnover that was available to the Respondent during the pre-GST period (April-2016 to June-2017) was 0.14% and during the post-GST period (July-2017 to December-2018), it was 4.08% This confirms that, post-GST. the Respondent has been benefited from additional ITC to the tune of 3 94% (4.08%-0.14%) of his turnover en-us Fri, 29 Nov 2019 11:51:15 +0530 Fri, 29 Nov 2019 11:51:15 +0530 TaxTMI RSS Generator Impact of GST on Input Tax Credit: Respondent Gains Additional 3.94% Benefit in Turnover Post-GST Implementation. https://www.taxtmi.com/highlights?id=50453 Profiteering - sale of flats - the ITC as a percentage of the turnover that was available to the Respondent during the pre-GST period (April-2016 to June-2017) was 0.14% and during the post-GST period (July-2017 to December-2018), it was 4.08% This confirms that, post-GST. the Respondent has been benefited from additional ITC to the tune of 3 94% (4.08%-0.14%) of his turnover Highlights GST Fri, 29 Nov 2019 11:51:15 +0530 https://www.taxtmi.com/highlights?id=50453