Priority of tax types under GST Act, 2017: IGST credit: Utilize all available IGST credit first towards payment
ORDER OF UTILISATION OF INPUT TAX CREDIT
Integrated Tax (IGST) under GST Act, 2017: All available IGST credit must be fully utilized This
UTILISATION OF INPUT TAX CREDIT SUBJECT TO CERTAIN CONDITIONS
Eligibility under GST Act, 2017: Section 16of the Act lays down the eligibility criteria for
PAYMENT OF TAX, INTREST, PENALTY AND OTHER AMOUNTS
Payment Modes and Ledgers under GST Act, 2017: Electronic Cash Ledger (ECL) under GST Act,
Goods and services tax practitioners
A Goods and Services Tax (GST) practitioner, also known as a GSTP, is a tax
Levy of late fee
Levy of late fee” refers to the imposition of a financial penalty for failing to
Notice to return defaulters
A Notice to Return Defaulters, also known as a GSTR-3A notice, is issued by the
Final return
In the context of the Goods and Services Tax (GST) in India, a final return
Annual return
Under the GST Act, 2017, an Annual Return (GSTR-9) is a comprehensive statement filed by
MATCHING, REVERSAL AND RECLAIM OF INPUT TAX CREDIT
In the context of India’s Goods and Services Tax (GST), Matching, Reversal, and Reclaim of