If a supplier claims GST refund to an SEZ unit, the applicant shall submit an endorsement from the Proper Officer evidencing receipt of such goods/ services in the SEZ along with the Tax Invoice.

The tax paid on exports declared in table 3.1(b) is lesser than the return specified in the invoices filed under table 6A, and Table 6B, of FORM GSTR-1, differential amount of tax can be declared and ...

This new feature represents a paradigm shift in how businesses view, verify and manage invoices. IMS offers a structured, transparent communication between sellers and buyers under the GST ecosystem.

It is expected to address fake invoicing and tax evasion under the GST framework, sources in the Council said. The system, which was rolled out in November, is designed to streamline invoice ...

The GST Council is deliberating the issue of including Aviation Turbine Fuel (ATF) under the Goods and Services Tax (GST) framework, Business Today TV has learnt from sources. As per the ...

Additionally, GST on packaged drinking water and bicycles under ₹10,000 is suggested to be reduced to 5%. The Group of Ministers (GoM) on GST rate rationalisation has postponed the submission ...

Also Read: Commercial property rentals now under Reverse Charge Mechanism: GST Council The builders said the move would substantially impact project costs and increase housing prices by ...

Finance Minister Nirmala Sitharaman said no decision has been taken on bringing ATF under GST umbrella and proposal to tweak rates on insurance products has been deferred. This announcement was ...

under GST, as was proposed by airlines and the civil aviation ministry. It has sought to ease life for businesses by deciding in-principle to move towards a simpler registration regime for small ...

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 ...