GST Articles

Special Procedure for Rectification of ITC Orders: GST Council's Proposed Procedure

Sahil Jaiswal 14 September 2024 at 13:19

The recent recommendations from the 54th GST Council meeting, held on September 9, 2024, include important updates concerning rectifications procedure for Input Tax Credit (ITC) orders.

54th GST Council Meeting: Key Changes and Clarifications

CA. Bhavik P. Chudasama 12 September 2024 at 17:15

The GST Council, in its recent meeting, introduced several changes and clarifications to the Goods and Services Tax (GST) regime.

ITC Entitlement on Repair Expenses in Reimbursement Claim Settlements

CA Amit Harkhani 12 September 2024 at 14:24

INTRODUCTION TO GENERAL INSURANCE SETTLEMENTInsurance companies providing general insurance for motor vehicles settle repair or damage claims through two modes:..

Recommendations from 54th GST Council Meeting

CA Aman Rajput 10 September 2024 at 12:16

Discover key recommendations from the 54th GST Council Meeting. Stay informed on the latest updates and insights that impact your business and compliance.

GST Council Nears Decision on Cutting Taxes for Insurance Premiums; Final Call Expected in Next Meeting

Sachin 10 September 2024 at 08:37

The GST Council is considering reducing the GST on life, health, and reinsurance premiums, currently at 18%.

GST Council's Recent Moves: What Businesses and Consumers Need to Know

CA Harshit Goyal 10 September 2024 at 08:35

Big Updates from the 54th GST Council Meeting: Key Changes You Need to Know!

GST Applicability on Supply during the Warranty Period

CA Amit Harkhani 07 September 2024 at 16:49

GST Liability & ITC Reversal: Replacement of Parts or Goods as such and Repair Services Provided by the ManufacturerGST Liability on Replacement of Parts or..

Penalties for Not Obtaining a New GST Registration Number on Time

Ishita Ramani 07 September 2024 at 08:37

The consequences of failing to obtain a New GST Registration Number in a timely manner are discussed in this article, which also highlights how crucial compliance is for businesses.

Introduction of Invoice Management System (IMS) on GSTN Portal

Affluence Advisory 06 September 2024 at 08:42

A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.

Key Updates: Invoice Management System (IMS)

CA. Bhavik P. Chudasama 04 September 2024 at 15:21

Starting from October 1, 2024, a new Invoice Management System (IMS) will be implemented to streamline the process of matching invoices issued by suppliers and claiming Input Tax Credit (ITC).