Steps for reversing input tax credit claimed by customers on unpaid invoices. GSTR-2 filing can be used to reverse input tax credit wrongly availed.

Overview of the different types of GST invoices like B2B invoice, B2C invoice, Bill of Supply, Consolidated Tax Invoice and Receipt Voucher.

Valid tax invoices Paid consideration and tax via banking channels Received the goods or services However, the Patna High Court has taken a divergent view, emphasizing statutory compliance and credit ...

KRA to implement Electronic Tax invoicing for fuel stations All retailers are expected to implement eTIMS Fuel Station System by June 30, 2025.