Learn about CGST Rule 88B and Section 50, clarifying interest calculation on delayed GST payments and wrongly availed ITC, effective retrospectively.
Goods and Services Tax (GST) is a destination-based, holistic indirect tax on the supply of services and goods. It was introduced in India on July 1, 2017, and was intended to subsume multiple indirect taxes like VAT, service tax, excise duty, etc., into a one-tax system.
Learn about the GST DRC forms, their purpose, and necessary actions to manage tax disputes, payments, and recoveries effectively.
Learn about Section 70 of GST Act: powers of tax authorities, summons process, key applications, and guidelines to ensure fair enforcement and taxpayer compliance.
India’s local bodies face challenges in accounting and transparency. Improving accrual accounting can enhance governance and service delivery at all levels.
Learn how to navigate the GST appeals process, including filing deadlines, common grounds for appeal, and tips for successful submissions.
