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# taxsystemreforms

1 posts in `taxsystemreforms` tag

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GST

Taxpayer Relief: Significant CGST Section 16 Amendments for 2024

Taxpayers have benefited greatly from recent changes to CGST Section 16, which include extended ITC claim deadlines and unambiguous capital goods criteria. Exporters, SMEs, and lawful taxpayers gain from these adjustments, and the integrity of the system is maintained by stronger fraud protection measures. It is recommended that businesses become acquainted with these improvements in order to enhance compliance and capitalize on the increased availability of ITC.