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Government’s Plan To Curb GST Credit Could Squeeze New Firms
The government’s efforts to curb goods and services tax evasion may squeeze new firms.
11 Mar 2020, 07:05 PM IST
The government’s efforts to curb goods and services tax evasion may make life difficult for newly incorporated firms.The GST Council approved restrictions on availing input tax credit—what businesses get for paying taxes on inputs—by new firms, a government official told BloombergQuint. That may include completely restricting availing of credit or capping the claims, the person said on the condition of anonymity.An officers’ panel re...
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