Tag: itc
GST compliance: Ease of GST compliance: Still a distant dream
India’s biggest tax reform, the Goods & Services Tax (GST) was introduced on 1 July 2017. The journey of GST in India has been a…
GST filings: System error: How automated notices under GST is leading to proliferation of disputes and litigations
The Goods and Service Tax (GST) has been one of the most complex yet progressive indirect tax reforms implemented in the history of India. The…
Promotional Scheme: Gift or not? The confusion over GST on promotional schemes run by businesses
Businesses now-a-days are adopting new and innovative promotional schemes to attract customers. With increased competition, making space for a new business or even surviving in…
GST Exemption | International Freight: Exporters may have great festive season amid withdrawal of GST exemption on outbound international freight
There is a lot hue and cry happening in the exporter circle about the withdrawal of exemption of goods and services tax (GST) on international…
GST: Amendment in GST return format: Why changes regarding ITC will increase complexity for taxpayers
The implementation of the GST law in India has been prefaced with the narrative of national ambition and that of a global exception. The government…
e-Invoice GST: E-invoice mandatory for turnover above 10 crore from October 2
The centre has made E-invoicing mandatory for businesses with aggregate turnover exceeding Rs 10 crore from October 1, a move which will further plug in…
gst council: From canteen to medical insurance, GST Council provides much-awaited relief on employee perks
In the last meeting, the GST Council promised to issue clarifications relating to various Input Tax Credit (ITC) issues under GST. Keeping its promise, the…
Draft paper released on changes to GSTR-3B
The Central Board of Indirect Taxes and Customs (CBIC) has released a concept paper, suggesting comprehensive changes in the GSTR-3B – a self-declared summary of…