Maximise your savings with input tax credit using a GST calculator
The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...
New GST Rule From April 1: What Is Input Tax Credit - Right Or Obligation? Expert Decodes
The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...
Tax Guru4d
Recovery of Excess Input Tax Credit Distributed by ISD
Recovery of credit taken based on documents issued by the ‘input service distributor (ISD)’ by subjecting it to scrutiny for ...
New GST rule: Input Service Distributor mechanism takes effect from April 1; details here
The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...
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 Guru3d
All about Input Service Distributor and Manner of Distribution of credit
Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...
NewsBytes2d
New GST rules effective April 1: Key changes for businesses
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
GST-ITC fraud cases surged 41%, amount detected jumped 28% in Apr-Jan over full FY24
Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.
GST relief on insurance likely as IRDAI on board; GoM to meet in April
The GST Council may finalise relief on life and health insurance at its next meeting, with states showing consensus on the ...
Navigating GST registration hurdles: What freelancers and small businesses should know
Freelancers and small business owners may find GST registration more complex than anticipated. Requests for additional ...
Deccan Chronicle1d
GST fraud worth Rs 171. 45 crore detected; one arrested
The Visakhapatnam zonal unit investigating a major GST evasion case arrested Maddi Prasad, a key individual involved in the ...
'If you buy a commercial shop in India...’: Finfluencer calls small business taxation ‘pure madness’
Now accountants will start: oh there is input tax credit. Buddy, someone pays that 18% GST eventually (your end customer; ...