Input Service Distributor has to compulsorily register as “ISD” apart from its registration under GST as a normal taxpayer.

The second volume of year-end compliance action points for FY 2024-25 highlights critical steps for GST, corporate, and labor ...

The Law Committee, a key body responsible for interpreting and advising on GST-related legal issues, recently held a meeting to address queries regarding the reversal of Input Tax Credit (ITC ...

Thus, it is important for taxpayers to adequately substantiate their claims for input tax credits and comply within the prescribed time limits set by the Bureau of Internal Revenue (BIR), which ...

alleges liabilities related to the reverse charge mechanism (RCM) and discrepancies in the input tax credit (ITC) claimed by the company. Bajaj Electricals has assured stakeholders that it is ...