On June 9, 2022, the Tax Court of Canada (“TCC”) allowed CFI Funding Trust’s (“CFI”) appeal in relation with the input tax credits (“ITC”) it claimed for prepaid rent paid in connection with the ...

In a general procedure hearing that was later moved under the informal procedure [1] rules and rendered on December 17, 2024, [2] the Tax Court of Canada (the “Tax Court”) dismissed 267 O’Connor ...

Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that state ...

The finance ministry on Tuesday issued clarifications on input tax credit rules under the revised GST framework effective September 22, tightening provisions for insurers, hotels and select service ...

Nathealth, an apex body representing the domestic healthcare industry, has called for GST input slabs on healthcare to be standardised at 5 per cent, and wherever GST output payments are applicable, ...

BANGALORE/MUMBAI: The recent cut in goods and services tax (GST) rates on several consumer items is expected to block the working capital for stockists, distributors and retailers holding inventory ...

Healthcare industry lobby group NATHEALTH has welcomed the forthcoming GST reforms, calling them a timely opportunity to revisit the sector’s tax framework, which has largely remained outside such ...