Republic Business on MSN5d
New GST Rule April 1 Onwards: Input Tax Credit - Right Or Obligation? Expert Decodes
The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...