New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITR denial, minimum penalty of Rs 10,000
The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...
Tax Guru36m
Refund of unutilized credit due to zero-rated supply includes compensation cess
Bombay High Court held that registered person making a zero rated supply under LUT may claim refund of unutilized credit including that of Compensation Cess. Accordingly, refund of compensation cess ...
Tax Guru1h
Biometric-based Aadhaar authentication in GST Registration – A deep dive!
Any person who applies for registration under GST will have to undergo the process of Aadhar Authentication, mandatorily in terms of Section 25 CGST Act 2017 read with Rule 8 of CGST Rules 2017.