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GST Articles


Introduction of Invoice Management System (IMS) on GSTN Portal

  Affluence Advisory    06 September 2024 at 08:42

A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.



Key Updates: Invoice Management System (IMS)

  CA. Bhavik P. Chudasama    04 September 2024 at 15:21

Starting from October 1, 2024, a new Invoice Management System (IMS) will be implemented to streamline the process of matching invoices issued by suppliers and claiming Input Tax Credit (ITC).



September GST Filing Updates: Important Changes to Note

  Chaitra Seetharam    04 September 2024 at 10:56

As per Notification No. 12/2024- Central Tax dated 10 July, 2024 published by the Central Board of Indirect Taxes and Customs (CBIC), major changes in the GST Act will have an impact in the GST returns filing



When to Create a New GST Registration Number for Your Business

  Ishita Ramanipro badge    04 September 2024 at 08:37

Comprehending the need and timing of obtaining a New GST Registration Number is critical for upholding felony compliance and streamlining business approaches.



GST Taxability of Salvage/Wreck Value in Motor Vehicle Damage Claims

  CA Amit Harkhanipro badge    03 September 2024 at 14:27

The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the cost of repairs/damages of motor vehicles incurred by the policyholders.



No ITC reversed for the portion of the LIC premium not included in the taxable value, as per Rule 32(4)

  CA Amit Harkhanipro badge    03 September 2024 at 08:46

Life insurance companies provide services by insuring the life of the insured. In exchange, they charge a premium, which may include components for both risk cover and investment/savings.



The Evolution of Taxation in India: From Ancient Times to GST

  akansha Singh    02 September 2024 at 13:59

Over the decades, there has been a significant change in the practice of charging income tax. Let us look into the history of income tax from ancient times.



GST on Passenger Transportation in EVs and Renting of EVs

  Shashank Tellakula Anand    31 August 2024 at 08:46

GST on Passenger Transportation in EVs and Renting of EVs Renting v/s Transportation of Passengers:As per Circular No. 177/09/2022-TRU Entry 15:Renting of moto..



Mechanism to compliance of Section 15(3)(b)(ii) of CGST Act, 2017

  CA Amit Harkhanipro badge    30 August 2024 at 13:25

Here's a simplified explanation of the mechanism for providing evidence of compliance with Section 15(3)(b)(ii) of the CGST Act, 2017 (Circular No. 212/6/2024_26.06.2024).



Impact of New GST Registration Rules on Startups

  Ishita Ramanipro badge    30 August 2024 at 08:48

This article examines how the new GST registration regulations will affect startups, highlighting the advantages as well as the difficulties.