Short Survey by ASSOCHAM & Cygnet Tax Tech on claiming Input Tax Credit (ITC) under GST.
Dear all,
Your association SIMA is pleased to inform you that ASSOCHAM & Cygnet Tax Tech has come up with a short survey to understand the depths of your problems with claiming ITC accurately and its impact on cash flows and profitability.
From 1st January 2022, ITC can be availed only to the extent of its availability in GSTR-2B. Incorrect availment of ITC can lead to penal consequences. The interest exposure can also go as high as 24% in case of the wrong availment of ITC. This hugely impacts the businesses’ profitability, efficiency and thus hampers growth.
To participate in the survey, PLEASE CLICK HERE.
For more details, PLEASE CLICK HERE.
Thanking You,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
