The GST Council has eased compliance for businesses, particularly FMCG companies, by removing the requirement to link credit notes to specific invoices. This change addresses a long-standing pain ...
Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...
The GST Council has given relief to businesses, particularly fast-moving consumer goods companies, by removing the rule that required credit notes to be linked with invoices. The earlier requirement ...
NEW DELHI: The GST Council has provided a much-needed relief to businesses, especially FMCG players, as credit notes are no longer linked to the invoices, which complicates matters for companies and ...
GST Council's move to two slabs (5%, 18%) makes consumers happy but burdens traders with lakh crore of high-taxed inventory. Relief on revised MRP labels is out, but government is yet to notify rules ...
A chartered accountant has warned small businesses against accepting high-value online payments without GST registration, citing a growing trend of notices and penalties from tax authorities. "If the ...
Treasury figures suggest the majority of people in Guernsey would be "better of" with the introduction of GST, as opposed to the planned 2% increase in income tax for 2025 and 2026. The data was ...
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