Monthly Tax Bulletin: December 2024

Key highlights

• TELCOS are eligible for CENVAT credit on towers and prefabricated buildings – Supreme Court
• Input tax credit allowed on GST paid on advances - Bombay High Court
• Clarifications issued on simultaneous availment of IGCR and MOOWR benefits
• PAN 2.0 project approved in line with the government’s vision of “Digital India”
• Definition of “start-up” updated to align with the DPIIT norms
• Revisionary powers cannot be used to override valid inquiries - ITAT

Monthly Tax Bulletin: December 2024

The December edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for November 2024.

Download now