The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...

The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

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

Businesses with a turnover of less than $75,000 are given the choice of registering for GST because if a business is spending ...

Nashik: The anti-evasion branch of central goods and service tax (CGST) and central excise, Nashik commissionerate, arrested ...

The GST Council may finalise relief on life and health insurance at its next meeting, with states showing consensus on the ...

The GST Council has asked the Insurance Regulatory and Development Authority of India (IRDAI) to provide recommendations on ...