Category: Goods and Services Tax

Defaults in Vendor payment obligations backfires in GST regime

April 05, 2026 Ca Bhanu Prudhviraj Articles

In past 21 months, several notifications and circulars have been issued from time to time to address the plight of GST dealers. Irony is that these circulars and notifications are more voluminous t...

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GST Compliance = Classification + Valuation

April 05, 2026 Ca Bhanu Prudhviraj Articles

GST Compliance was founded on the bed-rock of balance between Classification and Valuation. GST is applicable on each and every supply transaction. In this regard, there were several misnomers am...

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GST Credit Notes A Double Edged Sword In GST Annual Returns

April 05, 2026 Ca Bhanu Prudhviraj Articles, Featured, Trending

Issue of Credit notes is an age old practice in business environment. They are issued by supplier to buyer for the sales return transactions. In GST there will be a tax component in each & ever...

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ITC challenges in September GST Return

April 05, 2026 Ca Bhanu Prudhviraj Articles, Featured, Trending

Rule of Lapse & September Rush A New Jargon For ITC Seekers Under GST Law Union Budget is based on the Principle of Annuality’ i.e Parliament grants money to the Government of India for ...

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Pure Agents are in Cross Fire between GST and Income Tax

April 05, 2026 Ca Bhanu Prudhviraj Articles

The government of India had unleashed its ambitious target to create one tax one nation and one market with implementation of GST. Though the number of taxable assesses and GST co...

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