Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

Invoice management system (IMS) under GST Recognising these persistent ... Challenges of ITC claims in GST The earlier input tax credit claim processes have been riddled with inherent complexities ...

Government has taken any steps to ease the compliance under GST for MSMEs and small taxpayers since the introduction of GST; b. if so, the details thereof; c. the steps taken in the last five years to ...

To calculate GST, you need to understand the tax components under GST, GST calculation formula ... The user needs to enter details like: Invoice value Applicable tax rates (or GST bracket like ...

The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

In a major relief to goods and services tax (GST) payers, the government is likely to amend Central GST (CGST) Rules, allowing recipients of goods and services up to two months to accept or reject a ...

Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.

SRINAGAR: The Jammu and Kashmir State Taxes Department has detected a Goods and Services Tax (GST) evasion of Rs 6.31 lakh in ...