Common issues and resolutions relating to Input Tax Credit for GSTR-9 Introduction Input Tax Credit (ITC) is a fundamental aspect of Goods and Services Tax (GST). It refers to the credit that a business can claim for the taxes paid […]

Requirement of Audit under GST in India Audit under GST  is basically the inspection of returns, records and other documents that are held by the taxpayer. Goods and Service tax or GST is one Tax that involves all the other taxes. […]

Annual Returns and Reconciliation Statement Clarifications A number of things had to be clarified with regards to Annual Returns (Form GSTR-9 and GSTR-9A)  and Reconciliation Statements (FORM GSTR- 9C). On 3rd July the Ministry of Finance issues a press release […]