Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...

Hello, in this post we will talk about the Amendment due to Finance Bill 2025 in Input Service Distributor (ISD), Blocked Credit and Credit Note under Goods and Service Tax Act. “Input service ...

While our general credit-worthiness remains excellent, with expenses such as our mortgage, our monthly homeowners’ association fee, some college loans and, now, your outstanding balance ...