What is GSTR-9, and who must file it? What is GSTR-9 and Who Must File It? GSTR-9 is the annual return that businesses registered under Goods and Services Tax (GST) must file, providing a comprehensive summary of all the transactions conducted throughout the year. It includes details about the taxpayer’s outward supplies, inward supplies, input […]
How are GST refund processed? The Goods and Services Tax (GST) system allows taxpayers to claim a refund for various reasons, such as excess tax paid, input tax credit (ITC) accumulation, export of goods and services, or when a taxpayer is not liable to pay GST in certain circumstances. The GST refund process is designed
What are the recent changes in GST rates? The GST Council, which governs tax rate revisions, has recently updated rates for various goods and services. These changes aim to promote specific economic sectors, streamline compliance, and address revenue concerns. Here’s a summary: 1. Key Changes in GST Rates 2. Constitutional Provisions Governing GST 3. Landmark
