GST

The GST framework in India mandates businesses to register under the CGST Act, SGST Act, or UTGST Act, depending on their jurisdiction. Section 26 of the CGST Act, 2017, provides the concept of deemed registration, ensuring a seamless registration process across different tax jurisdictions. What is Deemed Registration Under Section 26? Section 26 establishes the […]

GST registration is a fundamental requirement for businesses operating in India. Section 25 of the CGST Act, 2017, outlines the procedure for obtaining GST registration, ensuring compliance with GST regulations. This article provides a comprehensive guide on the provisions under Section 25 and their implications for businesses. Who Needs to Register Under Section 25? As

The proper distribution of Input Tax Credit (ITC) by an Input Service Distributor (ISD) is crucial for ensuring compliance with the Goods and Services Tax (GST) framework. Section 21 of the CGST Act lays down the procedure for the recovery of excess credit distributed by an ISD in contravention of Section 20 of the CGST

The GST framework in India includes various provisions to streamline tax distribution and compliance. One such provision, Section 20 of the GST Act, governs the manner of distribution of credit by an Input Service Distributor (ISD). Recent amendments under the Finance (No. 8) Act, 2024 (effective from April 1, 2024) have introduced changes to this

Section 19 of the GST Act plays a crucial role in allowing input tax credit (ITC) on inputs and capital goods sent for job work. This section provides clarity on conditions, time limits, and the eligibility criteria for availing ITC when inputs or capital goods are sent to a job worker. Understanding this section is

GST compliance is crucial for businesses operating in India. One of the fundamental aspects of GST is the requirement for registration under Section 22 of the CGST Act, 2017. This provision outlines who must register under GST based on their turnover and business operations. Understanding this section is vital for businesses to ensure compliance and

The GST framework in India provides businesses with input tax credit (ITC) to prevent tax cascading. Section 18 of the CGST Act, 2017, outlines special provisions regarding the availability of ITC in specific circumstances. Let’s explore these provisions and their implications for businesses. Eligibility for Input Tax Credit (ITC) under Section 18 1. New Registrations

The GST framework in India allows registered persons to claim Input Tax Credit (ITC) on goods and services used in their business. However, Section 17 of the GST Act outlines provisions for apportionment of credit and cases where ITC is blocked. Let’s explore these provisions in detail. Apportionment of Credit (Section 17(1) & (2)) Business

Input Tax Credit (ITC) is a fundamental aspect of the GST system, allowing businesses to claim credit for the tax paid on purchases used in business operations. Section 16 of the GST Act defines the eligibility criteria and conditions for availing ITC. This blog provides a detailed breakdown of Section 16, its provisions, and key

The value of taxable supply is a crucial aspect of the GST regime, as it determines the tax liability of a supplier. Section 15 of the CGST Act, 2017, provides a comprehensive framework for determining the value of supply of goods or services. Let’s explore this section in detail. 1. Transaction Value: The Basis for