Judicial precedents confirm that where goods or services support taxable supplies, only proportionate ITC reversal is permitted. Complete denial of credit would violate the value-added taxation ...

Courts have repeatedly held that bona fide buyers cannot lose ITC merely because suppliers default or registrations are cancelled ...

The International Trade Commission was wrong to reverse a decision that imposed a tariff on Canadian wheat entering the United States. Not only was the ITC wrong, the agency looks a tad silly since ...

Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, ...