GST News and update

Is GST levied on electricity?

GST on Electricity

Post author:shubha
Post published:December 26, 2023
Post category:Misc Topic under GST GST News and update Input Tax Credit
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Explore the potential impact of bringing electricity under Goods and Services Tax (GST) in India. Discover how this move could benefit industries, reshape state revenues, and influence household electricity bills. Dive into the complexities of this proposed reform and its implications for various stakeholders.

Compliance Pertaining to DRC-01C

Post author:shubha
Post published:October 6, 2023
Post category:GST News and update DRC
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ITC from GSTR-2B/2BQ with claimed ITC from GSTR-3B/3BQ for each period and If claimed ITC exceeds ITC available as per GSTR-2B by predefined limits, the taxpayer receives an intimation in Form DRC-01C.

Geocoding functionality in GST

Post author:shubha
Post published:October 3, 2023
Post category:GST News and update Misc Topic under GST
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Geocoding is a feature by GSTN that uses location-based data to ensure accurate addresses in records. It determines tax jurisdiction by transcribing an address into geographic coordinates. This helps identify registered entities precisely.