of Goods and Services Tax (GST) regulations, and translating this knowledge into product-level business strategies and validation rules. Apart from her strategic contributions, Ashwini is actively involved in providing hands-on assistance to clients, offering solutions to critical GST-related queries...
Further as per Rule 36 sub rule (1) clause (b) of the CGST Rules 2017, the Self Invoice is the document which is required to claim ITC on GST paid under RCM basis.EXTRACT OF RULE 36(1) clause (b) :The input tax credit shall be availed by a registered person on the basis of ...
Dear Sir Madam We charged freight charges on invoice and calculated GST on the same rate as applicable on goods But the same amount of freight paid to GTA Is GST to be paid on RCMalso Example Value of Goods 90000 Freight charges 10000 Taxable value 10000
Registration of In-scope Level 2 or 3 electrical equipment as Level 1 is not permitted and could result in penalties. Note:Applicants for a certificate may need to engage the services of a consultant (who meets the definition of a Suitably Qualified Person in the Equipment Safety Rules) to a...
GSTN Issues Advisory for GST Registration Process Under Rule 8 of CGST Rules, 2017 Major Changes in Profits and Gains of Business and Profession Under Income Tax Bill 2025 Income Tax Bill 2025: IT Department Clarifies If Late ITR Filers Can Still G...
As per the provisions of GST Act Section 9(3) in case of notified goods and services, the person responsible for payment of tax is the recipient. The recipient is not paying tax on behalf of the supplier. Unlike Service tax where relief was provided where service tax liability was discharg...
Resolving issues related to claiming ITC under GST requires careful review of invoices, compliance with GST rules, and sometimes technical troubleshooting. By following the steps above and seeking professional advice if needed, you can rectify the issue and ensure compliance with GST regulations ...