The Goods and Services Tax (GST) regime in India was built on the foundation of a seamless credit flow. At the heart of this “One Nation, One Tax” philosophy, launched…
Correct GST classification is the basis of the indirect tax system of India. Every product and service needs to be put under a certain category before the respective GST rate…
The Section 38 of CGST Act is critical in ascertaining the manner in which Input Tax Credit (ITC) is communicated and claimed under GST. It regulates the sharing of details…
Understanding the GST set off rules of great importance for every registered taxpayer in India. Input Tax Credit (ITC) helps to reduce tax liability, but only when it is utilized…
Correct valuation is at the core of GST compliance. Under Section 15 of CGST Act, tax is charged on the “value of supply.” If the value is wrong, the tax…
The interest in GST is automatic. Once tax is paid late or short paid, liability arises under section 50 of CGST act. It does not require a notice. For the…
The GST withdrawal rule 14A is one of the serious compliance checkpoints in 2026. Recent amendments have been brought in for handling the withdrawal of applications by authorities in GST…
Filing Appeals under GST is a serious step by any Indian business. It generally is predicated on a demand order, penalty, rejection of refund or an input tax credit dispute.…
Every business that is registered for GST and has the turnover threshold as prescribed by the government requires to understand the importance of IRN in GST under it. The Invoice…
Understanding Input Tax Credit on Capital Goods is important for Indian businesses which use assets for more than one purpose. Capital assets will many times be used for taxable business…
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