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GST on Restaurant Services
With effect from 1st April 2025, the GST rate structure on restaurant services has been revised under Notification No. 05/2025
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Rule 37A – When Your Supplier Fails to Pay GST to the government.
You know that Input Tax Credit (ITC) is the backbone of the Goods and Services Tax (GST) system. ITC allows
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GST on Foreign Exchange Transactions – Rule 32(2) Explained with Examples
When you convert currency for travel, make remittance payments abroad, or receive foreign money through exchange dealers, you might notice
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Taxable Event in GST
Let’s understand something that is very important in GST but explained in simple words — the Taxable Event. What is
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HSN Code Reporting in GSTR-1
The GST regime in India relies on a globally accepted coding system for classifying goods — the HSN Code. With
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Rule 86B of CGST Rules, 2017: Restriction on Use of Input Tax Credit
Introduction In the ongoing effort to tighten GST compliance and prevent revenue leakage through fraudulent ITC claims, the Government of
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Rule 42 of CGST Rules, 2017: Apportionment of Input Tax Credit (ITC)
Introduction The Goods and Services Tax (GST) framework allows businesses to claim Input Tax Credit (ITC) on goods and services
