HSN codes are based on 5000 commodity groups, each of which is identified by a six-digit code and is organized in a legal and logical…
HSN Codes: A Comprehensive Guide
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Step-by-Step Guide to GST Registration: Everything You Need to Know
Learn about GST registration and the process of obtaining a GSTIN for your business. Understand the eligibility criteria, required documents.
GST Notices: What You Need to Know
Understanding GST notices issued by the government. Learn how to respond to notices. Get comprehensive information on GST notices.
Input Tax Credit Rule 36(4) of CGST Rules.
In this post, we will know about Restriction on Availing Input Tax Credit wide Rule 36(4) of CGST Rules,2017.
Breaking News! Now GST Refund available to unregistered Real Estate buyers
In this article, we’ll know about how to get GST Refund available to unregistered buyers. we’ll know in which scenarios GST Refund is possible
The CBIC clarifies the procedure for processing GST refunds to “Risky Exporters.”
The CBIC clarifies the procedure for processing GST refunds to "Risky Exporters." CBIC has issued a clarification on manner of processing and sanctioning of GST refunds which are or will be withheld due to the tag of “Risky Exporters” given by Directorate General...
Much Awaited Notification on Input Tax Credit
Dear All, CBIC vide Notification No. 18/2022-Central Tax dated 28th September 2022has notified that all the taxpayers are now eligible to avail the Input Tax Credit pertaining to FY-2021-2022 till 30 November 2022. The same was available till September 30 earlier. So...
Circumstances under GST Refund – Conditions and Procedure
What is GST refund with example? GST refund is a process in which a registered taxpayer may claim excess input tax credit lying in the electronic credit ledger. Refund of unutilized input tax credit shall be allowed in the following cases: Zero-rated supplies made...
GST Refund in case of Inverted Duty Structure
What is Inverted Duty Structure? Inverted Duty Structure is a scenario where the tax rate on inputs used is higher than the tax rate on outward supplies. In simple terms, GST paid on inputs purchased is more than GST payable on outward sales. This results in the...
GST Refund in case of Export of Services
Since GST was implemented in India, several exporters have faced difficulties in claiming GST refund in case of export of services or goods. The result’s large amounts of working capital being locked up until refunds are correctly applied for and received. Service exporters particularly have asked us how to get refunds because the process is more complex than for goods exporters. during this post, we answer some questions on getting GST refunds for service exporters.