Good And Service Tax GST India

Late Fees and Interest on GST Return

Late Fees and Interest on GST Return   As per Goods and service tax (GST) rules and regulation, the Late Fee is an amount charged from the seller for filing GST returns after the specified date. If you are filling your GST return with delay, you will be liable to pay late fee on your GST return. This is an overdue fine or penalty on the registered company or individual.   When a ... >> More

What is Input Tax Credit under GST

What is input tax credit?   Under GST, ITC stands for Input Tax Credit. When you file your GST return, you can claim your already paid GST to other businesses. It could be IGST, SGST or CGST.   You can claim your input tax credit as per the GST rules and regulation while filling your GST return. Input tax means, when you are filling your GST return, you can deduct the already paid t... >> More

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