The recent GST rule that total unmatched credit cannot exceed 20 percent of ITC could affect MSMEs in cash flow management.

Sections that must be completed include tax on outward and reverse charge inbound supplies, inter-state supplies, eligible ITC, and exempt, nil, and non-GST inward supplies.

From January 1, businesses cannot avail full ITC if any vendor fails to upload invoices to the GST portal as the government has tightened the norms to check fraud.

A practical guide on how to handle a GST notice. Learn to identify common reasons for notices, reconcile your records, and respond ...

Under GST, the input tax credit (ITC) of a taxpayer gets confirmed on purchases from another registered taxpayer when that supplier files the return.

Ahmedabad: As the central govt prepares to roll out next-generation GST reforms, industry bodies in the state are pushing hard for an automatic system.