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Stealth • 15d

Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods and Services Tax (GST) rules and regulations for FY 2023-24 by GST-registered taxpayers. If the taxpayer misses today’s date, he/she may lose out on claiming ITC benefit for FY 2023-24 under GST if any ITC claims are pending. It will result in a loss for the taxpayer as he/she will not be able to offset output GST liability with input tax credit.Dinesh Jotwani, Co- Managing partner at Jotwani Associates says, "Section 16(4) of the Central Goods and Services Tax Act, 2017 reads as follows: A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following.

0 replies2 likes

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Ashutosh Mishra

Stealth • 7m

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

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Hiral Jain

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Hey there, everyone! Today, we're diving into some key aspects of Gst to lay the groundwork for our discussion on illegal businesses. This knowledge will be crucial for what's coming up next. Today we will be learning about input and output Gst, Inp

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Anonymous

Stealth • 6m

During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India. A video of Sitharaman facing criticism from a stock market broker has gone viral.

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RootDotAi

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Mehul Fanawala
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The Clueless Company • 5m

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Ashutosh Mishra

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Gameberry Labs • 7m

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Pranjal Pandey
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(2/3) 4. Intellectual Property Protection: Protect your intellectual property by registering trademarks, copyrights, and patents as necessary. This helps safeguard your brand, products, and innovations from infringement. 5. Compliance with Tax Laws

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Stealth • 20d

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