Key Outcomes – 3rd National GST Conference

On March 12, 2020

Difference between auto-populated data of GSTR-2A shown in GST Login: A Case Study

On February 4, 2020

GST is changing every day and to make it more simple new changes are being introduced to make it more viable and feasible. Let’s have a look at why there is a difference between auto-populated data of GSTR-2A shown in GST login through a case study to make it more easy to understand. Nowadays, the […]

ITC: Conditions To Claim Input Tax Credit under GST

On January 18, 2020

Input Tax for a taxable person is the Goods and Services Tax levied on him/her for the supply of goods or services to him/her, which are used or are intended to be used, for the development of his business. ITC under GST is the most critical activity as well as a matter of concern for […]

What is Input Tax Credit (ITC) and how to claim it?

On January 11, 2020

Implementation of Goods and Services Tax in India has been considered as one of the biggest reforms. People are getting acquainted with the process and GST, however, there is still a lot to learn and know about it for the common mass. So, here we are with the new topic and information about it, this […]

New Changes in New Year Under GST

On January 10, 2020

The New Year isn’t only meant for philosophical, physical and emotional resolutions but also demands new financial resolutions to relieve the stress on your pocket. To help you plan this, we bring you the new changes done under the GST. Be a good taxpayer and consider these changes to plan 2020 financially. Here are the […]

38th GST Council Meeting Highlights

On December 20, 2019

Since the implementation of GST, every day there are new additions or changes in the process so that it can be simplified further. To add to this list, the GST council recommended few more changes in its 38th GST Council Meeting. The meeting was headed by Union Minister for Finance & Corporate Affairs Smt. Nirmala […]

Clarifying Input Tax Credit Claims under New GST Rules

On November 13, 2019

Since its implementation in 2016, GST laws have been kept on changing. In recent times a lot of big amends have been done to simplify GST for taxpayers. To add to the list is the latest GST circular released by Central Board of Indirect Taxes and Customs (CBIC), which is here to end confusion over […]

Method of Utilization of Input Tax Credit (ITC) in GST

On April 21, 2019

WHAT IS INPUT TAX CREDIT (ITC) IN GST? Goods and Services Tax (GST) is considered the biggest financial reforms in India. Input Tax Credit in brief, ITC under GST is a credit which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of […]

GST Input Tax Credit (ITC) Reconciliation

On April 5, 2019

5 BASIC CONDITIONS FOR AVAILING INPUT TAX CREDIT Following conditions should be satisfied to avail input tax credit under GST Goods or services received must be for furtherance of business Tax Invoice, Debit Note, Bill of Entry should be available Goods or services must be received Tax charged on the invoice should be paid by […]