A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

Vijayawada: Joint Commissioner of GST S Prasanth Kumar participated in the GST awareness programme organised by Vijayawada ...

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

India’s financial sector depends on Direct Selling Agents (DSAs) to bring in business, from personal loans to home finance.

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...

Fintech company Infibeam Avenues has received a tax demand and penalty notice totalling INR 32 Cr from Gujarat GST authorities.