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 ...

The India SME Forum has recommended a phased IMS implementation similar to the e-invoicing transition, with a ...

The India SME Forum (ISF), a non-governmental organisation for micro, small and medium enterprises (MSMEs), has urged the ...

Forex cards are prepaid and designed for international travel. They can be loaded with foreign currency before departure, ...

In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...

MUMBAI : Managing bulk payments efficiently while maximizing credit card rewards could be a smart financial move.

Dealers and importers holding Clean Car Standard credits could loose out if they don’t sell down some of their credits ...

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 / ...

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

Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.

What is the time limit for availing GST ITC? A registered person cannot take the input tax credit in respect of any invoice or debit note for the supply of goods or services after the due date for ...