The festival of Raksha Bandhan is around the corner, but there are many bandhans on recipient for availing ITC. How should a taxpayer take Raksha from these bandhans
Continue Reading »
The captioned rule deals with differences in ITC availed as per GSTR-3B and credit reflecting in GSTR-2B of a particular period/periods.)
Continue Reading »
ITC reversal in the hands of recipient of goods or services in case of default made by supplier by not depositing the tax collected with the Government.
Continue Reading »
In the world of Goods and Services Tax (GST), filing accurate and timely returns is crucial for every registered taxpayer. Timely filing of GST Return is equally important as there are severe consequences not only for the Registered Taxpayer who has missed the deadline but also for the recipient of supplies.
Continue Reading »
GSTR-2A is a document generated for recipients of goods and services under the Goods and Services Tax (GST) system in India. It is an auto-drafted statement that contains the details of purchases made by a taxpayer from registered suppliers.
Continue Reading »
Interest as credit card services is leviable to GST… Interest on loan is not – Banks may seek clarity from GST Council
Continue Reading »
E-invoicing is now mandatory w.e.f 01/08/2023 for all the suppliers, whose aggregate turnover in any of the previous FY starting from 2017-18 exceeds 5 crore. And if the taxpayers whose aggregate turnover exceeds 5 crore in current FY then for them E-invoicing will be applicable from next Financial year.
Continue Reading »
In its recent 51st meeting, the GST Council proposed some important changes to the CGST Act 2017 and IGST Act 2017. These changes are aimed at bringing more clarity to the taxation of certain activities like casinos, horse racing, and online gaming.
Continue Reading »
In this backdrop, the latest circular 199/11/2023 was issued regarding ISD mechanism, tax on the input services procured by HO for branches as well as clarifying on services supplied between branch offices of entity in different states.
Continue Reading »
GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations.
Continue Reading »
Accounting
Certification Course on How to Automate Your CA Practice or Business
CAclubindia
