RCM on metal scrap from unregistered dealers and 2% TDS on B2B supply notified under GST. Learn rules, GSTR-7 filing, penalties, and latest updates.
This article aims to highlight the GST implications of supplying second-hand goods.
The Indian Goods and Services Tax (GST) system, introduced in July 2017, has revolutionized indirect taxation. To improve compliance, transparency, and automation in tax administration, the government has implemented two major digital systems
GSTN has issued an advisory recently that documents reporting in GSTR-1 is made mandatory from the May 2025 return period.
GST for Freelancers & Consultants: A Complete Guide for Domestic & Foreign Clients (With Practical Q&As, Sections, Rules & Compliance Tips)
Reverse Charge Mechanism, or RCM as it's commonly known, is one of those GST rules that sounds harmless on paper but tends to create a lot of buzz - and confusion - in the real world of accounting and compliance.
14 May 2025
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Entertainment and the lives of Indirect Tax Professionals-such as Chartered Accountants, Advocates, and others-are more closely linked than they may seem at first glance.
GSTR Input Reconciliation with GSTR-2A Using Advance Excel UtilityFiling the GST Annual Return (GSTR-9) is a crucial compliance task for every registered taxpay...
In a significant move aimed at simplifying the refund process, the Goods and Services Tax Network (GSTN) has announced major updates for refund applications und...
Under the Goods and Services Tax (GST) regime, Input Tax Credit (ITC) is generally available on goods and services used in the course or furtherance of business. However, Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017
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