GST Guide

Know All About Input Service Distributor Concept Under GST

All You Need To Know About Input Service Distributor

GST enables a seamless flow of Input Tax Credit (ITC) on all goods and services procured for providing outward supply (apart from the ineligible supply) There are numerous services that are procured centrally but used across geographical locations. The tax credits on such services can be accounted for centrally and distributed across such locations by …

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All You Need to Know About ITC

All You Need to Know About ITC

Presently the Indirect tax system in India is a multi-point tax system where tax is levied only on value addition. This is achieved by the fact that Indirect tax (i.e. GST) borne on procurements or capital goods is available as a credit or set-off against GST liability on outward supplies. Relevant to note that over …

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Returns Filed Under GST Regime

Returns Filed Under GST Regime

In this article, we will discuss the returns required to be filled by various types of taxpayers under the GST regime. GST returns expected to be filed by the taxpayers from 1st October 2020 can be referred to as New Returns. The return to be filed depends on the turnover, nature of operations and type …

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