Tax Query: Can I shift the balance in the electronic cash ledger if I have paid GST under the wrong head?

1. What happens if I have paid GST under the wrong head?…

GSTN Resumes Blocking of Generation of e-Way Bills

Goods and Services Tax Network (GSTN) has resumed blocking the generation of…

GST Registration Cannot Be Cancelled if Business is Carried Out at Home Instead of Office Premises Due to COVID: HC

The Calcutta High Court has recently ruled that the Goods and Services…

India’s Fiscal Deficit Hits 18 Year Low

India’s fiscal deficit as a percentage of budget estimates stood at 18…

GST Collections for September 2021 and Its Indications

The Goods and Services Tax (GST) collections in September 2021 showed a…

CBIC Notifies GST Rate Changes From 45th GST Council Meeting

The 45th GST Council meeting held on 17th September 2021, chaired by…

Celebrating one year of e-invoicing, a potential game-changer for businesses

Electronic invoicing or e-invoicing is the initiative of the Indian government to…
GSTR-9

Inverted Duty Correction Might Increase the Cost of Clothes and Footwear

The Goods and Services Tax (GST) Act allows registered businesses to claim…

ICRA: GST Levy on BOT-HAM Project Payments Will Have Limited Impact on Cash Flows

Domestic credit rating agency ICRA said on Wednesday that the Goods and…

GST Circular 162/2021 decoded- New time limit and refund of tax paid under wrong tax head clarified

Recently, the CBIC has provided relaxation to taxpayers who earlier deposited taxes…