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GST Tip – 293

In section 4( B ) of GSTR – 3B, input tax credit availed at the time of inward supply being reversed on account of using the same inputs used for taxable supplies and exempted supplies. Reversal of such input tax credit has to be done for both the inputs and the capital goods. Input tax […]

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GST Tip – 178

As per the GST Bills introduced in the Parliament, the taxpayer has to pay GST on the gifts given to the employees if the value of the gifts is more than Rs 50,000 worth in a financial year.

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