Learn how ITC works, who can claim it, and the compliance requirements under GST. Key takeaway: ITC can save costs but is not an automatic ...
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GST department can freeze your bank account! Here's what you should do if it happens with you
To ensure the integrity of tax collection, the GST department can provisionally seize a taxpayer's bank account. This ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Pexels The Goods and Services Tax (GST ...
The move follows the GST rate cuts announced in September and is aimed at resolving a persistent distortion in the tax system ...
High Courts have ruled that ITC cannot be denied to buyers with valid invoices even if the supplier’s GST registration is cancelled retrospectively. Maintain proper records to protect your ...
The Revenue Department, under the Ministry of Finance, may restrict any editing or manual intervention in GSTR-3B. According ...
The company disclosed the development in a regulatory filing, noting that it received the official communication via email on ...
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