Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...
Two of the most significant economic policy decisions of the Narendra Modi government, the overnight scrapping of Rs 500 and Rs 1,000 notes in 2016 and the launch of GST in 2017 that subsumed all ...
The GST Council has eased compliance for businesses, particularly FMCG companies, by removing the requirement to link credit notes to specific invoices. This change addresses a long-standing pain ...
The GST Council has given relief to businesses, particularly fast-moving consumer goods companies, by removing the rule that required credit notes to be linked with invoices. The earlier requirement ...
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