It will prevent scenarios where the supplier claims a reduction in its GST liability, owing to the credit note, but the buyer continues to avail of the corresponding ITC. This results in a double ...

In a major relief to goods and services tax (GST) payers, the government is likely to amend Central GST (CGST) Rules, allowing recipients of goods and services up to two months to accept or reject a ...

Recovery of credit taken based on documents issued by the ‘input service distributor (ISD)’ by subjecting it to scrutiny for eligibility thereof at recipient unit; Section 2 (61) of CGST defines ...

Input Service Distributor has to compulsorily register as “ISD” apart from its registration under GST as a normal taxpayer.

Students are strongly encouraged to apply within their first month of study. GST/HST credit payments are issued in January, April, July, and October. Note: In order to keep receiving GST/HST payments, ...