In a major relief to goods and services tax (GST) payers, the government is likely to amend Central GST (CGST) Rules, allowing recipients of goods and services up to two months to accept or reject a ...

It will prevent scenarios where the supplier claims a reduction in its GST liability, owing to the credit note, but the buyer continues to avail of the corresponding ITC. This results in a double ...

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 / ...

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

Students are strongly encouraged to apply within their first month of study. GST/HST credit payments are issued in January, April, July, and October. Note: In order to keep receiving GST/HST payments, ...