February 15, 2021

Table of Contents CENTRAL GOODS AND SERVICES TAX ACT, 2017Interest payable on net cash liability [Section 50(1)]INTEGRATED GOODS AND SERVICES TAX ACT, 2017 India’s first-ever digital budget was presented by the Finance Minister, Smt. Nirmala Sitharaman, on 1st February 2021. The present article covers

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February 10, 2021

Table of Contents Revised Conditions for Input Tax Credit What is the new update on ITC under GST? What was the GST Act, 2017 provision before?Why is Section-16 (Input Tax Credit) important?Tell me more about the update on Input Tax CreditDo not worry! We’ll put it in simpler

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February 10, 2021

GST was made as a general Law for everyone, with ease of compliance. But with the passage of time and emergence of more practical cases, changes are bound to be made. We know that, GST is the most prominent indirect tax, with the highest revenue to the government replacing so many indirect taxes. It has to

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February 4, 2021

Invoice Furnishing Facility enables the small registered person, furnishing the quarterly Form GSTR-1, to file their invoice details on monthly basis. Notably, ‘Invoice Furnishing Facility’ is made effective from 1st January 2021. The present article briefly explains the same. Introduction of  Invoice Furnishing Facility (IFF)  The Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020 introduced

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February 3, 2021

Central government is empowered to make or amend rule, whether on recommendation of GST council or otherwise, under section 164 of the Central Goods and Service Tax Act, 2017. In accordance with this power, on recommendation of GST Council, Central government on 22nd December 2020, vide notification no. 94/2020, hereby made following rules to amend Central

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