Currently, there is an edit facility given to both buyers and sellers to correct any errors even after credit is taken on the tax. The government plans to do away with the flexibility given to buyers ...

Understand GST ITC eligibility, GSTR-2B reconciliation, blocked credits, reversals, utilisation rules and Safari Retreats impact with a practical example.

GST E-invoice, Steps to generate E-invoice under GST: The Central Board of Indirect Taxes and Customs (CBIC) under the finance ministry through a notification last week had notified the reduction in ...

GST Council's October 7 meeting is expected to focus on process reforms rather than major GST rate changes. Key areas likely ...

From raw materials and rent to motor vehicles and construction, businesses can claim ITC on eligible expenses, but GST rules ...

Businesses must show prices inclusive of GST on all price displays to the public. Hotels and food & beverage establishments that impose a service charge on their goods and services are exempted but ...

The GST Council, at next week’s meeting, is likely to consider a proposal to bring more clarity on action against entities involved in claiming Input Tax Credit (ITC), which has become a major source ...

Understand multi-State GST registration, mandatory ISD, Rule 14A, stock transfers, cross-charge and PAN-level GST thresholds in 2026.