As the financial year ends, businesses and taxpayers must meet critical GST-related deadlines to avoid penalties and maintain ...

The Firm accepts no responsibility or liability (whether by statute, in equity, in tort or otherwise) for any loss or damage (economic or otherwise) suffered by any person who relies or acts upon any ...

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.

Global 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 ...