GST Updates Archive

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Input Tax Credit

Common Credit- An Important Part of Input Tax Credit Under GST

Input Tax Credit is a topic near to the heart of every taxpayer. A taxpayer is always cautious about the changing rules to claim the ITC authentically. Truth be told, Input Tax Credit is a complicated affair if the taxpayer is
e-Invoice Generation 2021

e-Invoice Generation 2021 Update & Benefits of E-Invoice Reconciliation

e-Invoicing has become a very crucial part of the GST regime in a very short period.
GST Registration

GST Registration: All You Need to Know

The government has mandated GST Registration for all eligible businesses and failing in doing so may attract further tax-related implications which may cause your business to take a hit
CGST Delhi West Commissionerate arrests one for duty evasion

CGST Delhi West Commissionerate arrests one for duty evasion of around Rs 831.72 crore

The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty. On basis of the search at the premise of manufacture, it was
GST Revenue collection for December 2020

GST Revenue collection for December 2020 recorded an all-time high since the implementation of GST

On 1st January 2021, the Finance Ministry said in a statement that GST Revenue collection for December 2020 rose to Rs. 1.15 lakh crore, the Highest ever since the implementation of the nationwide tax in July 2017. The previous record monthly
Recommendations of the 42nd GST Council Meeting

The 42nd GST Council Meeting- Major Updates over GST

The 42nd GST Council meeting was held under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing on 05th October 2020. The meeting was also attended by Union Minister of State for Finance & Corporate