There is no legal restriction on the time of issuing a credit note; however, it must be reported in GST returns within a specified period, typically by November 30 of the following financial year or ...
March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward ...
The government is gearing up to introduce the Invoice Management System (IMS) under the GST framework, aiming to enhance tax ...
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...
4don MSN
In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...
Businesses with a turnover of less than $75,000 are given the choice of registering for GST because if a business is spending ...
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
The India SME Forum has recommended a phased IMS implementation similar to the e-invoicing transition, with a ...
The Visakhapatnam zonal unit investigating a major GST evasion case arrested Maddi Prasad, a key individual involved in the ...
2d
DGGI arrests GST consultant in Vijayawada for ₹42.73 crore bogus invoice scam resulting in ₹6.51 crore tax evasion.
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