Tag - ITC

How to File ITC Claims Effectively A Detailed Guide

How to File ITC Claims Effectively: A Detailed Guide

It enables businesses to reduce their tax burden by claiming credit on taxes paid on inputs utilized in the production or sales of products and services through the mechanism of the input tax credit. This post offers comprehensive guidance to firms so that they can file for ITC claims appropriately as against legal requirements....

Simplifying GST: New Invoice Management System Launching 1st Oct 2024

The implementation of the GST Act has marked a great shift in India’s Indirect tax regime. However, to ensure smooth compliance procedures and GST regulations with minimal manual intervention, the GST council has from time to time proposed new key changes. However, a key area of concern that still has been a challenge is...