In India GST Registration is not a mandatory to start any Business. A business can be start without obtaining GST Registration. However GST Registration becomes mandatory in certain cases which we will discuss later in this article. An individual...
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Summarized Update on 47th GST Council Meeting held on 28-29 June 2022 E-Commerce Operator: (Effective from 1 Jan 2023 positively) Now supplier which are supplying through E-commerce operator is not liable for mandatory GST Registration if turnover does not...
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Input Tax Credit under GST
Input Tax Credit under GST Input Tax Credit is defined under section 2(63) of CGST Act 2017 as “the credit of Input Tax”. Input Tax is defined in Section 2(62) of CGST Act 2017 as “input tax in relation...
Blocked Credit, Conditions to avail ITC, How to reverse ITC, Interest Rate on reversal of ITC, ITC of compensation cess, ITC Provisions under GST, Section 17(5) of CGST, Situation where ITC cannot claim
All about Input Tax Credit on Capital Goods Input Tax Credit is the key pillar of GST. Input Tax Credit plays vital role in determination of net tax liability of a taxpayer. Under GST, “Input Tax Credit” has been...
How to Reverse ITC on Sale of Capital Goods, ITC on Capital Goods, ITC on Immovable Property, ITC on Motor Vehicle, Process for Reversal of ITC on Capital Goods, Whether ITC available on Capital Goods
Interest Under GST Government implemented GST by consolidating various State & Central taxes, these taxes has their different law as compare to each other. Every state’s law has various types of returns, due dates and interest (Interest Under GST)...
Example of Interest calculation under GST, How to Calculate Interest on late payment of GST, Interest calculation in GST, Interest on ITC in GST, Interest on late payment of GST, Interest rate on wrong input credit, Rate of Interest under GST