Dive into implications of CGST Rule 37A on input tax credit reversal. Learn process, time limits, and consequences for recipients and suppliers.
Learn about taxability of services between distinct persons under GST. Understand ISD and cross charge mechanisms for distributing ITC. Future prospects explained.
GST Council meetings hit the half-century on 11 July 2023. Various recommendations were made in the 50th GST Council meeting to streamline and enhance the existing procedures and practices. In this regard, this article highlights the various recommendations of the council concerning proposed measures to streamline GST compliance.
