GST Articles

Guide to Electronic Credit Reversal and Re-claimed Statement (ECRRS)

CA Akshay Hiregange 22 January 2024 at 12:13

The Government has notified certain changes in Table 4 of Form GSTR-3B to enable taxpayers to report correct information regarding ITC availed, ITC reversal, ITC re-claimed, and ineligible ITC through Notification No. 14/2022 - CT. Circular 170/2022-CGST also was issued to clarify disclosure practices that can be followed.

Export of services and receipt of consideration under GST

CA Roopa Nayak 22 January 2024 at 10:25

BackgroundIn the GST law, the export of goods/services are zero-rated supplies under the IGST act. The intention of the Government is to promote exports from th..

A Delhi HC Order Paves Way for Swift GST Refund Adjudication

CA Divyajeet Singh Sabharwal 22 January 2024 at 08:45

For many taxpayers seeking refunds under the Goods and Services Tax (GST) regime, delays and bureaucratic hurdles can feel like an endless maze. But a recent ray of hope emerged from the Delhi High Court, offering a potential escape route with its directive in one of the case.

Lifting the veil on taxability of Gift Vouchers: Landmark HC verdict

Affluence Advisory 19 January 2024 at 08:51

This recent Judgement passed by the Hon'ble Madras High Court has to an extent resolved the anomaly with respect to taxability of vouchers under the GST regime...

GST Assessment: Types and Their Significance

Ashok Pitroda 18 January 2024 at 16:53

Every registered person has to file return to the GST department. Once the person files the return, the next step is processing the return by the GST department.

Understanding Electronic Credit Reversal and Reclaim Statement (ECRRS)

CA Rakesh Ishi 16 January 2024 at 11:05

In the intricate world of Goods and Services Tax (GST), staying abreast of changes and adopting efficient practices is crucial for businesses. One such recent development is the introduction of the Electronic Credit Reversal and Reclaim Statement (ECRRS).