Forbes

Conditions To Claim Input Tax Credit Under GST

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...
Hosted on MSN

GST tax demand not settled despite payment? New online form notified to help taxpayers adjust tax demand amount; here's how to do it

The Goods and Services Tax Network (GSTN) has introduced a new form, GST DRC-03A, now available on the GST portal. This form enables taxpayers to adjust the tax demand amounts they have already paid ...
Indiatimes

GST reforms: No input tax credit on commission for individual health, life insurance policies from Sep 22; insurers to bear cost

Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by CBIC. This aligns with the new GST structure ...
Mint

Mint Explainer: How are consumer companies preparing for the GST rate cut rollout?

Mumbai: From publishing new, lower prices to liquidating older stock in quick sales, consumer goods companies, their distributors, and offline and online retailers are preparing to adjust new GST ...