Form DRC-03 for ITC Reversal: High Court Mandates Electronic Credit Ledger (ECL) Re-Credit
Form DRC-03 for ITC Reversal: High Court Mandates Electronic Credit Ledger (ECL) Re-Credit
Refusing a refund application for of deficiency without proper communication is impermissible
Refusing a refund application for unutilized Input Tax Credit (ITC) on the grounds of deficiency without proper communication is impermissible by the department.
Documents required for GST registration in India
The documents required for GST (Goods and Services Tax) registration in India depend on the type of business entity. Here is a list of documents required for different types of entities:
GST Department Set to Access Banking Transactions of Taxpayers: A Move Towards Curbing Tax Evasion and Improving Compliance
The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It was implemented on July 1, 2017, and has since been a critical source of revenue for the government. The GST department has been making efforts to streamline the tax collection process and plug revenue leakages. In a significant move towards this goal, the GST department is set to get access to banking transactions of taxpayers.
Special Drive Against Fake GST Registration and Bogus Firms
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. The GST Department has been striving hard to ensure that only genuine taxpayers are registered under the GST regime. However, there have been instances where fake GST registrations have been made, causing huge revenue losses to the government.
Input Tax Credit on Food Items
As a business owner, understanding input tax credit (ITC) can help you save money and streamline your tax filing process. In this blog, we will discuss ITC on food items, which can be a significant expense for many businesses.