Changes in Provisional ITC under GST – Latest Update

From all the changes that indirect taxation has undergone this year, it seems like the GST rules are getting tighter in 2022. We have collated all the important GST changes being applicable from 1st January 2022 that you need to be aware of! Let us look at the changes in major brackets one by one

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The WHY-WHAT-WHEN of Vendor Compliance for ITC Maximisation

Vendors being GST compliant plays a significant role in the ITC claim of taxpayers. As the GST law is designed, the taxpayer not only needs to be self-compliant, it is equally important to have a GST compliant network of vendors around. If you deal with multiple vendors, keeping a tab of compliances of all vendors becomes an important activity for optimum ITC claim.

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All about Input Tax Credit (ITC) | How to claim ITC?

Input Tax Credit or ITC under GST is the credit back of the tax a registered GST taxpayer pays on inputs i.e. purchases. This tax he is liable to get back from the government. Read more

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All about Provisional ITC (Input Tax Credit) | CGST Rule 36(4)

The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017.

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Budget 2020 in GST – Highlights

Amendments in the Central Goods and Services Tax Act,2017 / Integrated Goods & Services Tax Act, 2017 /Union Territory Goods & Services Tax Act,2017. Amendments carried out through the Finance Bill, 2020 will come into effect on the date of its enactment.

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September 2019, Newsletter #21

Newsletter covers 37th GST Council Meeting – Key Highlights | E-invoicing | IRIS Sapphire: Navigation Upgrade | Provisional ITC

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MAY 2019, Newsletter #15

Updates on GST Portal | Curious Case of GSTR 2X | IRIS Sapphire: GSTR 2X | IRIS Peridot against GST Fraud | Interest payable on gross liability

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