Here is a list of all the returns to be filed under the GST Law along with the due dates. For regular business: GSTR-1: Details of outward supplies of taxable…
ITC claimed by the person has to match with the details specified by his supplier in his GST return. In case of any mismatch, the supplier and recipient would be…
ITC can be claimed only for business purposes. ITC will not be available on goods or services exclusively used for: • Personal use • Exempt supplies • Supplies for which…
Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance amount. Here’s how- When…
A tax invoice is generally issued to charge the tax and pass on the input tax credit. A GST Invoice must have the following mandatory fields: 1. Invoice number and…