RetailBiz14h
Does my business need to register for GST?
Businesses with a turnover of less than $75,000 are given the choice of registering for GST because if a business is spending ...
New GST rule: Input Service Distributor mechanism takes effect from April 1; details here
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate invoices for common input services (domestically sourced or imported) at a central ...
Tax Guru2h
Assessment Order in GST was set aside due to lack of proper notice and matter remanded subject to deposit of 25% of disputed tax
Conclusion: Mere uploading of notices and orders on the GST portal might not be sufficient to fulfill the requirement of proper service, especially when it prevented assessee from being aware of the ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...
Tax Guru11h
Reconsider 200% Penalty on Non-Generation of E-Invoice; Released vehicle on ₹10 Lakh Deposit: HC
Review of matter imposing 200% Penalty on non-generation of E-Invoice due to non-consideration of Circular No. 10/2019 dated 31.05.2019 Conclusion: The Officer was directed for fresh consideration of ...
Newsd9h
Rs. 1 Lakh Loan on Aadhaar Card Without Income Proof: Best Options
Need a Rs. 1 lakh loan but don't possess salary slips or proof of income? That's a problem that many individuals experience, especially freelancers ...