Some thorny issues in Tax credits in GST - Need for Govt to reform

Madhukar N Hiregange , Last updated: 06 November 2018 Share Follow on Google News

The credit provisions under GST is an amalgam of the Cenvat Credit provisions with some aspects of ITC borrowed from VAT. The cross credit between State and Central Taxes has been achieved in GST. However the complications have been increased due to too much revenue bias, poor drafting and most tax

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About the Author

Madhukar N Hiregange

Chartered Accountant

Madhukar N Hiregange B.Com., FCA, DISA (ICAI). Passed CISA. Senior Partner Hiregange Associates having offices in Bangalore, Hyderabad, Vishakhapatnam, NCR/ Gurgaon, Mumbai Chennai. Associated with few CAs across India as mentor. Faculty at Hiregange Academy a knowledge employability initiative engaged in t ... Read more

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Some thorny issues in Tax credits in GST - Need for Govt to reform

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