Category: Uncategorized

GST refund process for exports with payment of IGST GST refund process for exports with payment of IGST under the present return filing system. Key Steps in the GST Refund Process for Exports with IGST Payment (a) Filing of Shipping Bill on ICEGATE The shipping bill serves as a key document for processing refunds. Export-related …

Credit Note Disclosure in GSTR-9 Annual Return Filing Under GST, suppliers of goods or services must issue a tax invoice for every taxable supply. However, when the taxable value of the supply decreases due to specific circumstances, the supplier is required to issue a credit note. This ensures proper adjustment of tax liability and helps …

TURNAROUND OF WHOLESALE & RETAIL SECTOR UNDER IBC 2016 Legal environment of a country plays a pivotal role in its economic development, and a robust and effectively implemented legal system strengthens the country’s global standing. Following the implementation of the Goods and Services Tax, the IBC has become the second most significant reform in India’s …

Overview of Section 194N- TDS on cash withdrawals The objective of introducing Section 194 N is to discourage cash transactions in the country and promote the digital economy. Section 194N – TDS on cash withdrawals over and above Rs 1 crore’ has been implemented via the Finance Bill, 2019. But Finance Bill 2020 amends this …