Navigating GST registration hurdles: What freelancers and small businesses should know
Freelancers and small business owners may find GST registration more complex than anticipated. Requests for additional ...
Seminar on amnesty schemes announced by CBIC in Salem
Seminar on GST amnesty schemes by Salem-I Division, CGST, ICAI Salem Chapter, and tax professional associations for taxpayers and professionals.
NewsBytes2d
New GST rules effective April 1: Key changes for businesses
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
GST relief on insurance likely as IRDAI on board; GoM to meet in April
The GST Council may finalise relief on life and health insurance at its next meeting, with states showing consensus on the ...
Maximise your savings with input tax credit using a GST calculator
The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...
LiveLaw3d
Notification Cannot Be Given Retrospective Effect To Deny Refund On Unutilised ITC Claimed Within Limitaiton Period: Madras HC Allows Gillette's Plea
Finding that the refund claim was filed within two years from the “relevant date” as defined in Explanation 2(a) to Section 54(14) of CGST Act , the Madras High Court recently clarified that ...
'If you buy a commercial shop in India...’: Finfluencer calls small business taxation ‘pure madness’
Now accountants will start: oh there is input tax credit. Buddy, someone pays that 18% GST eventually (your end customer; ...
New GST rule: Input Service Distributor mechanism takes effect from April 1; details here
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...
Tax Guru4d
GST ITC on Construction of Immovable Properties: Key Changes
Always puzzled and novice when comes to the GST ITC (Input Tax Credit) on goods or service or both used for construction of immovable properties when such properties are used in in the course or ...
New GST Rule From April 1: What Is Input Tax Credit - Right Or Obligation? Expert Decodes
The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...