Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...
During the last week of January 2025, the following advisories have been issued so far in relation to the various compliances by GSTN: GSTN Advisory for Rectification Application GSTN Advisory on ...
India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance. While it promises real-time tracking, experts caution about transition ...
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New GSTN advisory: GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025Further, in case B2B supplies are reported in other ... GST rate product in his GSTR-1 while showing a higher GST rate product in the invoice. As a result, the GSTR-2B return will show mismatched ...
he said and lauded that GSTN is improving every day and GST is digitised to a great extent. Sanjay Aggarwal, senior vice-president of PHD Chamber, said e-invoice is the future means of electronic ...
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