Credit note is issued when a supplier need to reduce the value of an invoice already issued. It may be […]

GST Interest and Penalty Waiver Scheme under Section 128A provides provide a big relief to the taxpayers for reducing the

Definition and Classification of Vouchers Voucher Taxability: Key Updates and GST Council Recommendations Clarification on Voucher Taxation The GST Council

GSTR-3B is a summary of supplies made during the month along with GST to be paid. It discloses summary of

GST on restaurant services in hotels will depend on the value of supply of hotel rooms in the previous year.

GSTR-9C is a reconciliation between GST turnover with the Audited Financial Statement. Latest UpdateThe GST Council has recommended that a

The 55th GST Council Meeting, held on December 21, 2024, introduced significant changes to the Goods and Services Tax (GST)

The government will going to insert a Track and Trace Mechanism to monitor the complete supply chain of goods. The

GST exemption on contributions to motor vehicle accident fund means the contributions made by general insurance companies to the Motor

Sponsorship services means when a companies or individuals supports another group or individual to help in exchange for getting advertised