GST Articles

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).

September GST Filing Updates: Important Changes to Note

Chaitra Seetharam 04 September 2024 at 10:56

As per Notification No. 12/2024- Central Tax dated 10 July, 2024 published by the Central Board of Indirect Taxes and Customs (CBIC), major changes in the GST Act will have an impact in the GST returns filing

When to Create a New GST Registration Number for Your Business

Ishita Ramani 04 September 2024 at 08:37

Comprehending the need and timing of obtaining a New GST Registration Number is critical for upholding felony compliance and streamlining business approaches.