GST

RCM Under GST is a system where the tax liability shifts from the supplier to the recipient of services. The […]

Bank Account Validation on GST Portal means the process where the GST portal verifies the bank account details which are

Simplified GST filing because the GSTN has introduced a pre-filled GSTR-3B form to make GST filling easier and help taxpayers

GST ITC for construction of buildings, now it can be claim by businesses treating buildings as “plant,” under the CGST

ITC under GST allows registered businesses to offset the taxes paid on their purchases against their tax liabilities. ITC helps

Future of GST compensation cess depends on the GST Council’s decision as the main purpose of the cess is to

GoM proposes to lower GST rates on over 100 items in India. This move is aimed at reducing the tax

GST returns which are filed are soon going to be removed from the GST portal. Taxpayers won’t be able to

Section 122A was introduced by the Finance Act, 2024 and will come into effect from 1st October 2024. Purpose Section

GST on flex fuel vehicles shall reduce to 12% suggested by the Union Minister Nitin Gadkari to promote their use.

Reverse Charge Mechanism means the liability to pay tax is on the recipient (Purchaser) of supply of goods or services

Fake GST registrations are being used to fraudulently pass on input tax credit to unscrupulous recipients by issuing invoices without