Madras High Court held that section 16 (5) of the GST Act should be considered while disallowing Input Tax Credit clam beyond period prescribed under section 16 (4) of the GST Act. Thus, directed to ...

Madras High Court held that due to non-compliance against notice issued in DRC-01A, the petitioner is directed to deposit 25% of the disputed tax and petitioner will be granted opportunity of being ...

taxes due must be updated on the GST Common Portal. You can retrieve all your created invoices through the common portal using your invoice reference number, which takes away the compulsion to carry a ...

The last consignment sent to the recipient should include the original copy of the invoice. Know more about GST tax invoice or bill of supply.

IT/GST returns, etc. The various types of business loan schemes offered in India include secured business loan, cash credit, unsecured business loan, working capital loan, term loan, overdraft, letter ...

Comprehending and handling Goods and Services Tax can be daunting for numerous businesses and individuals. The complexities ...

Have you ever encountered a situation where you have to file 10s of GST returns on the last filing date? In such a situation, ...

The IMS will ensure automatic reflection of invoices in relevant GST returns, allowing for real-time cross-verification of supplier data. The GST Council, in its upcoming meeting on December 21 ...

Recognising these persistent challenges, the Government has introduced the Invoice Management System (IMS) as a transformational solution for GST invoice compliance. This new feature represents a ...

For enterprises, an accurate input tax credit claim is not just a regulatory requirement but a critical financial imperative ...

The Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the ...

The Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the most significant updates is the introduction of the Invoice Management ...