puja.page is a comprehensive platform offering consultancy services in accounting, taxation, company affairs, audits, and more. We specialize in assisting individuals and organizations globally with regulatory compliance and business operations.

What services does puja.page offer?

puja.page provides a range of services including tax advisory, company establishment, accounting, audit assistance, regulatory compliance, and more. We aim to simplify complex regulations and assist clients in meeting their financial and legal obligations.

Does puja.page cater only to clients in India?

No, puja.page offers its consultancy services globally. While based in India, we extend our expertise to clients worldwide, helping them navigate regulatory frameworks and optimize their financial strategies.

How can puja.page help individuals and organizations?

puja.page assists individuals and organizations facing challenges related to taxes, company affairs, audits, and regulatory compliance. Whether you need assistance with tax filings, accounting, or establishing a company, we provide tailored solutions to meet your needs.

Can I find resources and insights on regulatory changes on puja.page?

Yes, puja.page regularly shares valuable resources and insights on regulatory changes impacting businesses globally. Stay updated with the latest developments in taxation, company laws, and more through our platform.

Is puja.page affiliated with any government agencies?

No, puja.page is an independent consultancy firm and is not affiliated with any government agencies. We provide impartial advice and assistance to our clients based on our expertise and understanding of regulatory frameworks.

How can I engage puja.page for consultancy services?

To engage puja.page for consultancy services, you can reach out to us through our website's contact form or directly via email at hello@puja.page. Our team will promptly assist you with your inquiries and requirements.

Is puja.page available for speaking engagements or workshops?

Yes, puja.page is available for speaking engagements, workshops, and seminars on topics related to accounting, taxation, company affairs, and regulatory compliance. For inquiries regarding such engagements, please contact us through our website or via email.

How does puja.page ensure client confidentiality?

At puja.page, we prioritize client confidentiality and adhere to strict confidentiality agreements. Your information and discussions with us are kept confidential, ensuring the highest level of privacy and trust.

What are the qualifications and expertise of the team at puja.page?

The team at puja.page comprises qualified chartered accountants and company secretaries with extensive experience in taxation, accounting, company affairs, and regulatory compliance. Rest assured, you're in capable hands.

Understanding the Deadline for Claiming Input Tax Credit under GST

The Goods and Services Tax (GST) regime was introduced in 2017 to simplify the indirect tax system and reduce the burden on businesses. One of the key features of GST is the seamless transfer of credit from one person to another. Input tax credit (ITC) is a mechanism that allows registered businesses to claim a credit for the taxes paid on their purchases made during the course of their business. This credit can then be used to offset the GST they owe on their sales.

The primary purpose of the ITC mechanism is to reduce the GST liability of registered entities when they make supplies to their customers. This system aims to alleviate the tax load on individual businesses and minimize the risk of double taxation.

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To claim ITC, businesses must meet certain conditions outlined in Section 16 of the Central Goods and Services Tax (CGST) Act, 2017. The deadline for claiming ITC under GST is defined in Section 16(4) of the CGST Act, 2017. The revised deadline, effective from 1st October 2022, is earlier of the following:

The 30th of November following the end of the relevant financial year.
The date of filing the annual GST return using Form GSTR 9.

For example, for the financial year ending on 31 March 2024, the input tax credit must be claimed by 30 November 2024 or by the date of filing the GSTR 9 Form, due by 31 December 2024 whichever is earlier.

In conclusion, understanding the deadline for claiming ITC under GST is crucial for businesses to ensure proper utilization of input tax credit. By claiming ITC within the prescribed deadline, businesses can reduce their GST liability, prevent double taxation, and minimize their tax burden.

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