T he Goods and Services Tax Network (GSTN) has introduced a new feature where suppliers can see whether the buyer has accepted or rejected the invoice saved by the supplier on the GST portal. This ...

Hence, a GST registration number can be obtained without the same. New businesses who are in the process of obtaining bank accounts can simultaneously proceed with GST registration, thus saving time.

Assessees can view, ... credit claimed on GST portal SENSEX 81,118.60 -573 ... Taxpayers claim their ITC on supplies received by them during the month, ...

In an effort to curb the menace of fake invoices and tax evasion, the Finance Ministry has notified a new norm of limiting the input tax credit to 10 per cent in case of GST details mismatch.

A large incidence of mismatch in Input tax credit (ITC) claims and details of outwards supplies has come to light during the GST audit for 2017-18 and 2018-19 undertaken by tax officials ...

Taxmen cite mismatch of ITC claimed in GSTR-3B and GSTR-2A, ... GST trouble: Assessees told to ... View all shorts . PHOTO GALLERY 8 photos.

An analysis by the GST department showed that as much as 39% or Rs. 2.5 lakh crore of ITC claimed by taxpayers in FY18 remained unmatched with the invoices uploaded by their suppliers.

Taxpayers must report accumulated ITC reversed balance by 30 Nov 2023 GSTN introduces a new ledger to track reversal and reclamation of Input Tax Credit (ITC) for better compliance.