Republic Business on MSN1h
New GST Rule April 1 Onwards: Input Tax Credit - Right Or Obligation? Expert Decodes
The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...
Tax Guru1d
Recovery of Excess Input Tax Credit Distributed by ISD
Recovery of credit taken based on documents issued by the ‘input service distributor (ISD)’ by subjecting it to scrutiny for eligibility thereof at recipient unit; Section 2 (61) of CGST defines ...
Western Australia’s political ransom over GST rort must end
Australia’s continuing failure to divide federal funds equitably looks even more ridiculous in light of WA running budget surpluses of $3.5 billion a year while eastern states face deep budget ...
Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?
While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...
Is a metal credit card worth it? Luxury benefits and hidden costs revealed
Metal credit cards symbolize luxury and exclusivity, made from alloys unlike traditional plastic. They offer various opulent ...
Tax Guru12d
GST Compliance Activities to be Undertaken for FY 2024-25 in March 2025
As FY 2024-25 ends, businesses must complete critical GST compliance tasks. Key activities include submitting the Letter of ...
Indiatimes14d
New rule for GST registration: Now biometric authentication in your home state is possible when you do GST registration in another state
Experts say Biometric Authentication was introduced by the government to curb fake registrations for claiming input tax credit (ITC ... Some important points to note about this new GST authentication ...
Govt may ease norms to allow 2-month window for ITC on credit notes
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 ...
Indiatimes16d
GST collection jumps 9.1% to 1.83 lakh crore in February
On a gross basis, GST from domestic sources, which refers to transactions within the country, rose 10.2% to Rs 1,41,945 crore, while those related to imports were up 5.4%, indicating that the ...
ndtvprofit16d
Mahindra Holidays & Resorts India Faces Rs 17.5 Crore GST Demand Over Turnover Mismatch
Mahindra Holidays & Resorts India Ltd on Saturday said it has received a demand of over Rs 17.5 crore from GST authority in Chennai over an alleged mismatch in turnover and reversal of input tax ...
Mint16d
India’s GST collection rises 9.1% to ₹1.84 lakh crore in February 2025
India’s GST Collections: According to the data, the central GST stood at ₹35,204 crore, the State GST at ₹43,704 crore, the Integrated GST at ₹90,870 crore, and the compensation cess at ...