Explains how exporting electricity to the grid becomes a taxable “barter” event, making electricity an exempt supply and triggering proportional ITC reversal under Section 17(2).
Breaks down the three-day electronic GST approval system and how small taxpayers can benefit from the simplified registration route.
GST Notice for Fake Invoicing? Learn how genuine buyers can defend against ITC denial due to bogus suppliers. Understand your rights and safeguard your business from fraudulent claims.
From April 1, 2025, ISD registration under GST becomes mandatory for businesses with multiple GST registrations under a single PAN, ensuring fair ITC distribution.
Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandatory TDS on partner payments.
