"Partner of Audit and Assistance in H N A & Co LLP (BLR), having 14 locations across India. Expertise in Indirect taxes especially GST. "
This article examines advanced and practical challenges with the GST Input Service Distributor (ISD) mechanism, covering issues from expense identification to ITC eligibility and procedural gaps.
Sikkim High Court denies a company’s plea for a GST refund on unused ITC after business closure, citing statutory limitations under Section 54(3).
Learn about Input Service Distributor (ISD) in GST, its implementation, practical procedures, benefits, drawbacks, and compliance challenges.
Understand the latest changes, reconciliations, and filing requirements for GSTR 9 & 9C for FY 2023-24, including key updates on ITC and tax liabilities.
Explore the 53rd GST Council clarification on corporate guarantee valuation, recent Supreme Court decisions, and the impact on GST liability and compliance.
Understand the eligibility of Input Tax Credit (ITC) on gratuity insurance for employees mandated by the Govt. of Karnataka. Legal nuances, implications, and analysis discussed here.
Stay ahead with our comprehensive guide on Financial Year End GST Checkpoints for 2024. Dont miss critical compliances and avoid penalties. Read now!
Introduction 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. The intention of the change was […]
Learn more about GST on Personal and Corporate Guarantees, based on the 52nd GST council’s recommendations. Understand the difference between personal, bank & corporate guarantees.
Explore significant changes in GSTR 9 & 9C for FY 2022-23, compliance requirements, advanced issues, and best practices. Get expert tips for accurate filing.
