ISD refers to Input Service Distributor under Goods and Service Tax regime. It is a mechanism through which head office ...

You sell the furniture made for Rs 1 lakh and levy 18 per cent GST amounting to Rs 18,000 from your customer. The revenue made by selling the furniture by you is Rs 1.18 lakh. Under ITC ...

Relaxation in requirements of filing Job Work declaration in Form GST ITC-04 w.e.f 01.10.2021,"CBIC tweeted. See Zee Business Live TV Streaming Below: It can be noted that CBIC is responsible for ...

The buyer of the item in the supply chain gets the tax paid on the item back in the form of ITC when he becomes the supplier and sells that item to the customer. Since GST is a destination-based ...

Total number of Input Tax Credit (ITC) fraud cases and amount detected in first 10 months of current fiscal has exceeded full year number ... Data sourced from GST Intelligence Wing for written ...

Fake input tax credit (ITC) claims detection by central GST officers increased 51 per cent to Rs 36,374 crore in 2023-24, Parliament was informed on Monday. Minister of State for Finance Pankaj ...

GoM has left the decision to the Council on whether GST should be imposed at a rate of 28 per cent on the full face value of ... attract an 18 per cent GST. 4. ITC claims: A new rule in GST ...

Selling sweets and eatables is one thing and providing facility to consume them within the shop is a different thing from the point of view of the Goods & Services Tax (GST). While former ...