If done correctly, you can claim GST Input Tax Credit without having your credit blocked. This article focuses on ITC claims in GST and their
BLOG AND NEWS
GST’s Journey of Change in 2022 2022 was a year of recovery from the Covid pandemic, which had a global impact on businesses for nearly
Investors often feel more secure and comfortable investing in a company rather than an LLP. This is the primary reason why LLP convert to PVT LTD
The GSTR 6 Return form needs to be filled out by all distributors of input services who have registered for the Goods and Services Tax
The GST portal has added a new feature that allows users to cancel registration suspension requests and have those requests reversed, which is a huge
A farmer decided to sell his old farm and use the proceeds to buy new farmland because he needed to relocate his agricultural land for
GSTR 9 must be filed by a registered taxpayer once a year and GSTR 9C is an audit form that taxpayers with a turnover of more than Rs.2 crores.
Reserve Bank of India issued guidelines for the settlement of international trade in Indian rupees now all exports and imports invoiced in rupees.
The central bank issues digital currencies e-RUPI similar to cryptocurrency. They are determined by the value of the country’s fiat currency.
CBDT purposes one common ITR for all except ITR-7 into a single ITR, So that the return filing system in light of international best practices.
Section 10 governs the provisions of the place of supply in a goods transaction. Aside from goods imported or exported from India
In this day and age, there are very few people who have not heard of the term digital investment. In the last decade, a new
Section 194Q: Same as 206C(1H) or Different? Consider yourself a ‘Purchaser of Goods.’ In the normal course of your business, you have bulk orders to
Apart from E-invoicing Threshold, Some Key Changes That Will Take Effect from 1st October 2022 The Central Government hereby appoints October 1, 2022, as the
The returns under GST are the final stage of compliance which squares off the monthly/quarterly GST transactions. Taxpayers are subject to consequences and penalties for
In the Finance Bill 2022, a new section 38 titled “communication of details, inward supplies, and input tax credit” has been proposed to replace the
Facilitating Ease of Doing Business and decriminalization of offenses, the CBDT has taken steps in this direction by issuing revised Guidelines for Compounding of Offenses