In a recent judgment of Jharkhand HC, the captioned principle has been discussed at length.
The Goods and Services Tax (GST) in India has been a subject of continuous evolution since its implementation. One such aspect that has been a cause for concern among taxpayers is the compliance with Rule 86B.
The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on purchases used for taxable supplies. However, there are situations where previously claimed ITC needs to be reversed.
In this comprehensive guide, we will delve into a step-by-step process to comprehensively understand and analyze GST notices, ensuring a thorough and informed response.
Let's check the legal provisions related to the GST credit note issue so that we can find out whether such credit notes can be issued to B2C suppliers.
In the Goods and Services Tax (GST) system, whether a supply is classified as intra-state or inter-state depends on the locations of the supplier and the recipient. This classification determines whether integrated tax or a combination of central and state tax is paid.
The allocation of GST numbers and rates, the functioning of GST Suvidha Centers, and the implementation of GST have been tough tasks. In this article, we'll discuss the main problems and how they impact businesses.
This article will guide you in learning more about GST for commission agents and brokers.
This article delves into the eligibility of ITC on motor vehicles, with a particular focus on exceptions for vehicles exceeding 13 seating capacity and the scenario of renting motor vehicles.
Through this comprehensive walkthrough, taxpayers will find essential insights into adhering to the new compliance mechanisms, thereby mitigating the risk of tax credit discrepancies and ensuring smoother tax operations.