Conditions for Availing GST Input Tax Credit

In the current tax regime, various conditions are applicable for availing input tax credit. A brief overview is given below: Type of Input Tax Credit Conditions for availing Input Tax Credit (ITC) VAT As a VAT dealer, you can avail credit of the VAT paid…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Moving to GST: Can I Avail Input Credit on Closing Stock?

On the date of transitioning to GST, broadly there will be business who fall under any of the following categories: Businesses not liable to be registered under the current law, but are liable for registration under GST Business which are engaged in the manufacture or…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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GST Input Tax Credit Explained [Video]

This post has been updated on 21, October 2016 to incorporate latest changes. One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country. In this…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

84,041 total views, 5 views today