New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
Since the implementation of the goods and services tax (GST) in July 2017, businesses with multi-state GST registrations have faced confusion regarding the process for distributing common input tax ...
Tax Guru2h
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 Guru3h
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.
Al Arabiya English10h
Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects
Shopping for a new home? Ready to renovate your kitchen or install a new deck? You’ll be paying more to do so. The Trump ...