The Goods and Services Tax (GST) number is a unique identifier assigned to businesses by the government of India for tax purposes.
Government has launched new ledger, "Electronic Credit Reversal and Re-Claimed Statement".
The government is set to launch "Mera Bill Mera Adhikaar Scheme", a GST Invoice Incentive Scheme that offers cash incentives to consumers for uploading legitimate GST invoices.
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
The captioned rule deals with differences in ITC availed as per GSTR-3B and credit reflecting in GSTR-2B of a particular period/periods.)
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.
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.
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.
Interest as credit card services is leviable to GST… Interest on loan is not – Banks may seek clarity from GST Council
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.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
