When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
Businesses claiming GST refunds on unutilised input tax credit may face tighter scrutiny and greater compliance requirements ...
India is scrambling to finalize technology to process as many as 3.5 billion invoices each month as it moves to roll out a landmark nationwide sales tax from July 1. The success of one of the world’s ...
GST returns are a key part of running a business in India. Every registered business must report its sales, purchases, and tax liability through regular filings. These returns help ensure that taxes ...
https://www.thehindubusinessline.com/economy/iris-gst-e-invoice-registration-portal-goes-live/article66586793.ece Copy IRIS Business Services on Monday declared its ...
Blinkit has rolled out a feature that allows businesses to add their GSTIN (Goods and Services Tax Identification Number) while purchasing products on the platform. According to CEO Albinder Dhindsa, ...
Fake GST Bill: For some time now, GST officials have been trying to stop GST fraud. According to the GST Council, most of the GST fraud in the country are done through fake invoice bills. Goods and ...
Standard accounting systems miscalculate the 180-day deadline, leading to ITC reversals and interest. Accurate invoice-based tracking is essential for ...
When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...