Recipient of goods/services should pay to the supplier (Including Taxes), within 180 days from the date of issue of invoice, else the Input Credit shall be reversed.
a day ago
The consignor can only cancel an e-Way Bill within 24 hours from the generation. The person who has generated the e-Way Bill can cancel that e-Way Bill, once an e-Way Bill is verified by an officer it cannot be cancelled.
2 days ago
Frauds Under Goods And Service Tax. Major Areas Where Frauds Under Goods And Service Tax Evolved are Input tax credit, Invoices and Refunds. A fraud could take the form of misstatement of information.
7 days ago
GTA (Goods Transport Agency) as a supplier is engaged in providing transport services to customers. In this article, we discuss specific taxability issues relating to transportation of goods under GST.
16 days ago