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LUT vs IGST Payment: Best GST Export Option Explained for Indian Exporters

Exporters from India often face a strategic choice under the Goods and Services Tax (GST) regime – whether to export goods or services without...

HSN Code Requirement on Tax Invoice under GST

Updated as per CGST Notification No. 12/2017 dated 28.06.2017 and Notification No. 78/2020 – CT dated 15.10.2020 When it comes to GST compliance, one of...

Types of GST Invoices and Documents – Tax Invoice, Bill of Supply & More

When conducting business under the Goods and Services Tax (GST) regime in India, understanding and issuing the correct type of invoice or document is...

Handling Rejected GST Records in IMS: ITC Reclaim, Supplier Liability & GSTR-2B Adjustments

Under the Goods and Services Tax (GST) framework, the Invoice Matching System (IMS) plays a crucial role in reconciling data between supplier returns and...

Inadvertently Rejected Records in IMS: How to Handle ITC and Tax Liability Adjustments

How to Handle Inadvertently Rejected Records on the Invoice Matching System (IMS) Published on: June 19, 2025 Introduction Taxpayers often face issues with Input Tax Credit (ITC)...

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Financial Journal Entries Briefing Document This document provides a detailed...

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TDS (Tax Deducted at Source)
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