JD Supra

GST/HST Input Tax Credit Claims: Does the Supporting Documentation Need to be Issued by the Supplier?

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 ...
The Financial Express

GST cut to lift life insurers’ premiums, but ITC loss to weigh on Q3 margins

Life insurers are expected to report a mixed performance in the third quarter. While the GST rate cut is expected to boost premium growth and profitability, margins may come under pressure due to the ...
health.economictimes.indiatimes

No ITC benefit towards GST paid on commission on individual health, life policies from Sep 22

The CBIC also clarified that hotels supplying units of accommodation which have value less than or equal to Rs 7,500 per unit per day, shall not be able to avail ITC on such units, as the GST rate for ...

GST intelligence unearths ₹1,800 crore tax credit fraud

Investigations showed that a well-structured arrangement was used to fraudulently claim input tax credit and subsequently ...
JD Supra

Court of Appeal of Québec Confirms Restrictions on the Tax Authorities’ Ability to Set Off Certain Claims in Insolvency Proceedings

On December 22, 2022, the Court of Appeal of Québec upheld a Superior Court ruling that GST and QST input tax credits and refunds (“ITCs/ITRs”) claimed by a petitioner in connection with damage ...
Business Today

GST on health insurance at 0%: Can policyholders get total benefit amid ITC concerns?

Policyholders welcomed the government’s decision to reduce GST on individual health and life insurance premiums from 18% to zero, effective September 22, 2025. The move is expected to make insurance ...