Zero Rated Supply Under GST

What is Zero Rated Supply In any country, the export of goods and services plays a major role in maintaining a country’s economic growth. Therefore, in order to boost the

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Automated Refunds for Exporters under GST

The revenue department under GST have plans to introduce a faceless scrutiny of refunds to hasten the claim settlement process. If this plan rolls out, the exporters of goods and

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ITC Claim When Consideration is Paid through Book Adjustment

The GST Act and rules made there under does not restrict the recipient from claiming the input tax credit when consideration is paid through book adjustment:- GST AAR WEST BENGAL

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14 Cases where Input Tax Credit (ITC) cannot be Claimed

The Goods and Services Tax (GST) was introduced to the Indian business houses on July 1, 2017. While GST has been constantly evolving into a well-structured taxation system, one thing

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7 Tasks to Finish Before the End of Financial Year 2018-19

Coming to the end of the financial year 2018-19, one may call it a roller coaster ride that went through various rules and amendments introduced by the GST Council. In

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5 Aspects of ITC Distribution an ISD should Know

‘Input Distributor Officer’ is one of the most crucial concepts in the Indian economy, especially for the big players in the market. With ISD, the common expenditure shared between sub-branches

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Your 3-step Guide to a Hassle-free GST Reconciliation

Reconciliation is a crucial step that you, as a taxpayer, need to undertake to avail ITC. For every month’s GST filing, you need to reconcile your purchase data with all

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How to Win Your GST Reconciliation & Influence ITC

Since the announcement of GST, there is a constant tussle going on between GST pros and others on its effects on the economic growth of the country. While the contention

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