Section 16 of the CGST Act, 2017: Complete Guide to Input Tax Credit Eligibility and Conditions
Pooja Jain - 0
Input Tax Credit (ITC) is one of the most important features of the GST system. It allows a registered taxpayer to set off eligible...
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustment
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustmen
Are you carrying old outstanding creditors in your books? If yes, you should check whether any Input Tax Credit (ITC) claimed on those purchases has crossed the 180-day payment period under GST.The 180 days payment rule under GST is an important ITC compliance requirement. If the recipient does not...
“₹15,00,000 Salary Par Kitna Tax Lagega? (25-26) – Old vs New Tax Regime
Agar aapki yearly salary ₹15,00,000 hai, to aapka tax depend karega ki aap Old Regime choose karte ho ya New Regime.Chaliye simple breakdown dekhte...
Section 74A under GST – Tax & Penalty Determination (Latest Guide 2026)
Section 74A under GST – Tax & Penalty Determination (Latest Guide 2026)Introduction
GST law mein Section 74A ek important provision hai jo tax liability determine...
GST FY 2026–27: Beginning-of-Year Compliance Checklist
As the new financial year 2026–27 begins from 1st April 2026, taxpayers must ensure timely completion of key GST compliances to avoid penalties, interest,...
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GST Updates
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustment
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustmen
Are you carrying old outstanding creditors in your books? If yes, you should check whether any Input Tax Credit (ITC) claimed on those purchases has crossed the 180-day payment period under GST.The 180 days payment rule under GST is an important ITC compliance requirement. If the recipient does not...
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GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustment
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustmen
Are you carrying old outstanding creditors in your books? If yes, you should check whether any Input Tax Credit (ITC) claimed on those purchases has crossed the...
GST Updates
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustment
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustmen
Are you carrying old outstanding creditors in your books? If yes, you should check...
Indirect tax
GSTR-3B Interest Re-computation: How to Use the RE-COMPUTE INTEREST Option
GSTR-3B Interest Re-computation: How to Use the RE-COMPUTE INTEREST OptionIf the interest calculated in GSTR-3B appears incorrect, taxpayers can use the RE-COMPUTE INTEREST option...
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Section 16 of the CGST Act, 2017: Complete Guide to Input Tax Credit Eligibility and Conditions
Input Tax Credit (ITC) is one of the most important features of the GST system. It allows a registered taxpayer to set off eligible...
GST Updates
Delhi High Court Clarifies Applicability of 10% Pre-Deposit in GST Penalty Appeals
Case Name: Gaurav Jain & Anr. v. Joint Commissioner (Appeals-II), CGST Delhi Zone & Anr.
Court: Delhi High Court
Judgment Date: 31 July 2025The Delhi High...
GST Updates
Supreme Court Upholds Section 16(2)(c) of the CGST Act: ITC Depends on Supplier’s Tax Payment
The Supreme Court has upheld the constitutional validity of Section 16(2)(c) of the CGST Act, 2017, reaffirming that Input Tax Credit (ITC) is available...
GST Updates
GST Search and Seizure under Section 67 of CGST Act: Complete Legal Guide for Businesses updated 2026
GST Search and Seizure under Section 67 of the CGST Act: A Practical Legal Guide for Businesses
Introduction
Section 67 of the Central Goods and Services...
GST Updates
Can Recipient ITC Be Denied if Supplier Becomes a GST Defaulter 2026
A supplier's GST default is one of the most common reasons for Input Tax Credit (ITC) disputes. While GST law prescribes certain conditions for...
GST Updates
GST Department Audit: 2026 Business Audit
GST Department Audit: 2026 Why Does Your Business Get Selected and What Should You Do?
A GST Department Audit is conducted by the GST authorities...
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GST Updates
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustment
GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustmen
Are you carrying old outstanding creditors in your books? If yes, you should check whether any Input Tax Credit (ITC) claimed on those purchases has crossed the 180-day payment...