March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward supplies in Forms GSTR-1 and GSTR-3B, aligning input tax credit (ITC) and ...

If an unregistered landlord rents out a commercial property to a registered tenant, the reverse charge mechanism (RCM) applies. In this scenario, the tenant is liable to pay 18% GST directly to ...

To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...

GST Council meeting: During the 54th GST Council meeting, the renting of commercial properties has been brought under the Reverse Charge Mechanism (RCM), according to Revenue Secretary Sanay Malhotra.

Nishant Patnaik, Associate Editor, Cafemutual gave invaluable insights on GST compliance for MFDs at the recently concluded Cafemutual Ideas Fest (CIF) 2025.

G lobal telecom major Vodafone Idea Limited has been ordered to pay a penalty of Rs 16.96 crore for alleged non-payment of GST under the reverse charge mechanism. The GST demand order was passed ...

With the GST rate rationalisation exercise in focus, sources tell CNBC-TV18 that the government is unlikely to introduce a ...