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A lender approved her working capital loan in under a week, without asking for a single property document. What convinced them was not a mortgage. It was three years of her GST returns.
The relationship between a principal and an agent appears straightforward: one person authorises another to act on their behalf.
The implementation of the Goods and Services Tax (GST) on July 1, 2017, marked the most monumental indirect tax reform in modern Indian economic history.
A GST audit is a verification process under Section 2(13) of the CGST Act that cross-checks your returns, turnover, input tax credit (ITC) and tax payments to ensure accuracy and compliance.
Input Tax Credit is the fundamental economic engine of GST, ensuring that tax is effectively levied only on value addition and minimising the cascading effect of taxes.
In this article we will be going through the process of Audit to Appeal in brief. The entire process in practical life will turn out to be a cakewalk for some and a cumbersome process for the others.
GSTN is taking downtime to enhance its services on the GST Portal on 12.09.2026 from 01:30 AM onwards until 3:30 am of 12.09.2026.
A Nine-Year Journey (2017–2026): Successes, Failures, GST 2.0 and The Indispensable Role of Tax Professionals
One of the most significant advantages of the Goods and Services Tax (GST) is the seamless flow of Input Tax Credit (ITC).
For decades, the economic map of India was not a single, unified landscape but a fragmented archipelago of tax jurisdictions.