Imagine a business that purchases goods worth ₹10 lakh, paying ₹1.8 lakh as goods and services tax (GST) to the supplier. The expectation is simple — this ₹1.8 lakh should be claimable as input tax ...
The court held that paying CGST/SGST instead of IGST does not amount to tax evasion. Authorities cannot raise fresh demands when tax is already ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Michael Boyle is an experienced financial ...
Every month, Deepali Bhagat is taxed on income that hasn’t reached her. The founder of a small ed-tech firm in Bengaluru, Bhagat must pay goods and services tax (GST) on every invoice she raises—even ...
The CBIC also clarified that hotels supplying units of accommodation which have value less than or equal to Rs 7,500 per unit per day, shall not be able to avail ITC on such units, as the GST rate for ...
GST composition Scheme: This pricing is determined by the restaurant's location. For example, restaurants located within hotels where the room fee exceeds the specified amount would be subject to a ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results