Retrospective Amendment on ITC for Construction Costs What’s Changing : A retrospective amendment, effective from July 1, 2017, prevents entities—like… Read More
GST Advisory on GST Waiver Scheme under Section 128A We are sharing this important update on the GST Waiver Scheme… Read More
Rule 86B, introduced by Notification No. 94/2020 – Central Tax on December 22, 2020, effective from January 1, 2021,… Read More
Overview on RBI Penalties is not a 'Supply' Under GST law : The recent ruling by the Maharashtra Authority for… Read More
File Fresh declaration required for Goods Transport Agency Services Managing billing under both Forward Charge Mechanism and Reverse Charge Mechanism… Read More
Self-invoicing, Time of supply for registered & Unregistered suppliers under RCM The recent changes effective from 1st November 2024 in… Read More
No ITC reversal is required when unsecured loans remain loans (not considered supplies). Under GST laws, Input Tax Credit reversal… Read More
Changes are set to take effect from 1st September 2024 Starting in September 2024, taxpayers in India will need to… Read More
Can GST Taxpayer claim GST input on Bank Charges ? Yes, you can claim Input Tax Credit on bank charges… Read More
Kind of GSTR Return in India Payment System or mechanism under GST Regime General Rules for Payments Regular taxpayers… Read More