Summary: New Delhi [India], June 20 (ANI): Central Board of Indirect Taxes and Customs (CBIC) on Thursday informed that all genuine exporters will continue to get their Indirect Goods and Services Tax (IGST) refunds in a timely manner in a fully automated environment. CBIC to ensure IGST ...
IGST (Integrated GST): Applicable for interstate transactions, ensuring a seamless tax flow between states. UTGST (Union Territory GST): Similar to SGST, but applies in specific union territories without a legislative assembly. 1. What is SGST? SGST stands for State Goods and Services Tax. It...
The integration of CGST, SGST and IGST within the GST framework creates a seamless tax credit mechanism allowing businesses to claim ITC of taxes paid at each stage of the supply chain, irrespective of the nature of supply. 3. Union Territories GST (UTGST) ...
Transfer order posting isn't picking up the IGST account.Upcoming fixes in 10.0.10Import order-over-delivery setup is respected at the invoice registration stage. Enable date time tracking for the Tax run time lookup condition table. Transaction type not showing when the Tax Journal is posted....