The 15 Vital Recommendations for GST for Budget 2026 propose practical reforms to restore GST neutrality, reduce litigation, and unlock working capital. A key suggestion is to revisit Section 17(5) blocked credits and align them with Income-tax principles so that ITC is allowed for genuine business expenditures.
A summary of GST TCS provisions for e-commerce operators, covering collection, deposit, returns, exemptions, and compliance requirements.
Comprehensive analysis of GST TDS provisions, covering applicability, rates, exemptions, payment obligations, and credit claims for deductors and suppliers.
Discover key details about the Invoice Management System (IMS), including its benefits, functions, and impact on GSTR-2B and ITC claims.
Starting September 1, 2024, update bank details on GST portal to avoid filing issues. Learn about Rule 10A, its importance, and update process.
Learn what GSTR-1A is, who should file it, key features, and its impact on GSTR-2B and GSTR-3B. Understand the filing process and consequences of errors.
Learn about actionable claims under GST law, including definitions, types, examples, and tax implications as outlined by the Supreme Court and various legal cases.
Discover how ChatGPT can benefit chartered accountants in research, calculations, compliance, financial analysis, and client communication. Enhance your professional practice with AI assistance.
11 Important FAQs of Quarterly Return and Monthly Payment (‘QRMP’) Scheme w.e.f 1st January, 2021 With the coming of 1st day of any new month or the 1st day of the new quarter, GST Council is ready to come out with certain new changes. Whether it is 1st October 2019 (Changes in Section 36(4) , […]
What can businesses do to protect themselves? How, what and where to focus on after COVID 19 Introduction : The economic impact of the 2019-20 coronavirus pandemic in India has been hugely disruptive. World Bank and credit rating agencies have downgraded India’s growth for FY 2021 with the lowest figures India has seen in three […]
