The goods and services tax network (GSTN) has introduced a solution to help GST registered taxpayers into claiming the ...

Goods and Services Tax Network (GSTN) has launched Form GST DRC-03A to address issues arising when taxpayers pay outstanding demands using Form GST DRC-03, rather than the “Payment towards Demand” ...

The International Monetary Fund (IMF) has retained India’s economic growth rate at 7% for the current fiscal 2024-25. For ...

One of the most significant ways to do this under the GST regime is by claiming your input tax credit (ITC). However, navigating the intricacies of GST can be challenging. So, how can you ensure ...

According to Rule 36(4) of the Central Goods and Services Tax Rules, 2017, the buyer can avail up to 5% of the GST that has been credited to his account, in the form of provisional credit.

GST: Buyers will not be able to claim input tax credit (ITC) if specified sellers or suppliers do not upload the e-invoice within 30 days from the date of its generation. ​"From 1st April 2025, ...

GST/HST credit payments are issued in January, April, July, and October. Note: In order to keep receiving GST/HST payments ... If you need help completing the form correctly you can make an ...

With the upcoming change, ITC on an invoice/debit note can be availed by ... the recipient of such invoice in Form GSTR-2B. Basically, a buyer will not get credit for the tax paid if the supplier ...

Also, IMS in its current form doesn’t provide flexibility ... “In case the supplier issues a credit note (CN) reversing his GST liability, the supplier either has to accept or reject the ...

Last chance for businesses to claim pending ITC under GST mechanism before November 30 deadline. Be vigilant for new changes.

The Goods and Services Tax Network (GSTN) has introduced Form GST DRC-03A on the GST portal ... Table C1 to Table C3: Credit payments (paid, to be adjusted, and balance post-adjustment).

Editorial Note ... you have excellent credit, you can choose from the cream of the credit card crop. The best cards for people with excellent credit offer rewards in the form of points, miles ...