In recent times, the provisions of GST Law relating to Input Service Distributor (ISD) have undergone multiple changes, making ISD a mandatory requirement for any registered person having multiple ...

"It's what they deserve," Trump said, renewing his threat on social media. President Donald Trump on Friday renewed his threat to take away Harvard's tax-exempt status. "We are going to be taking ...

Are they required to issue tax invoices to themselves for each ... to recover input tax of the VAT paid under RCM. The clarification notes the administrative burden on UAE financial institutions ...

GST registered businesses should note the key requirements and dates of ... and mismatches are addressed to maintain compliance and accuracy in tax filings. Businesses must ensure that RCM invoices ...

Mandatory ISD Registration and Inclusion of Inter-State RCM Transactions ... reverse the ITC on a credit note issued by the supplier to claim reduction of output tax. This ensures proper tax ...

Goods and services tax (GST): The goods and services tax network (GSTN) has implemented a new feature inside the invoice management system (IMS ... Records attracting RCM Supplies." "Further, this is ...

Brijesh Gandhi, Partner, GST Advisory, NPV & Associates LLP: It is pertinent to note that the facility to generate e-invoice ...

Even if the supplier remains under the threshold, the recipient, who is liable to pay under RCM, must pay the tax. Additionally, a 2% Tax Deducted at Source (TDS) will be applied on the supply of ...

A six-month time limit for suppliers to issue credit notes after declaring sales tax invoices and the inability to declare credit notes against unregistered buyers in Sales Tax Returns (STRs ...