GSTN will soon enforce system-level blocking if ITC reclaimed or RCM ITC exceeds ledger balances. Key takeaway: taxpayers must reconcile ledgers to avoid filing ...
The Delhi High Court has sought clarity from the Centre, Delhi government and the Goods and Services Tax Council on whether the relevant GST laws make it incumbent on lawyers and law firms to register ...
A business is required to register under the goods and services tax (GST) even if it qualifies to be exempted according to the GST Act, but has liability to collect tax under the reverse charge ...
The impoters have welcomed the latest Supreme Court orders by which the goods and services tax (GST) is not payable on sea import freight service on reverse charge mechanism (RCM) basis in case of ...
The Central Association of Private Security Industry (CAPSI) has written to Prime Minister Narendra Modi requesting a re-look at the 18 per cent GST levied on them. The Association is protesting ...
The latest notification from the Revenue Department, Ministry of Finance, mandating reverse charge mechanism (RCM) under the Goods and Services Tax (GST) has drawn flak from cotton stakeholders, ...
Filing accurate GST returns is important to maintain compliance with tax regulations, avoid penalties, and establish credibility with tax authorities. Let's discuss some common errors that are made by ...
The group of State Finance Ministers headed by Bihar Deputy Chief Minister Sushil Modi on Sunday decided to defer by a year the proposal to give tax concessions on digital payments under GST as ...