Under GST, GSTIN of the supplier is mandatorily required to be mentioned in the tax invoice along with a consecutive serial number that is unique for each financial year. Hence, businesses must adopt ...

The Lok Sabha passed the Goods and Services, Tax-GST Bill, on 6th May 2015. The advantages of GST are the ease of doing business ... the procedure for GST registration shall become centralised and ...

In GST, the importance of reconciliation has increased multi-fold due to the compliance process that law brings in along with its legal provisions. The compliance process in GST generally requires ...

At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many ...

Under the IMS, invoices will automatically populate relevant GST returns The Finance Bill 2025-26 likely to be ... a legal basis for the generation of FORM GSTR-2B and improve ITC.

Between July 2017 and December 2024, 1,386 cases of GST evasion were recorded in Punjab, involving approximately ₹6,454 crore. Authorities arrested 72 individuals linked to thes ...

extended the deadline for filing monthly GST sales return form GSTR-1 and GST payment by two days after taxpayers reported technical glitches in the GST Network (GSTN) system. The deadline ...

One such ambiguity which is persisting since the inception of GST ... service provider as being argued by the tax authorities, then there would have been no need to create a deeming fiction in the ...

Now a Goods and Service Tax (GST) proper officer can't arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to ...

Indore: The body of tax professionals has urged the govt to make the newly introduced Invoice Management System ... "The earlier GSTR-2 form allowed users to accept, reject, modify, and add ...

You can create a release to package software, along with release notes and links to binary files, for other people to use. Learn more about releases in our docs.