Looking for a reliable GST registration consultant? This complete guide explains GST registration eligibility, documents, process, timelines, fees, and common mistakes. Learn why professional guidance is crucial and how Indian Tax Planning (ITP) helps businesses get GST registration done right from day one.
Input Tax Credit (ITC) is the backbone of India’s GST system, allowing businesses to offset tax paid on purchases against their output liability. However, with evolving rules—like mandatory ISD registration from FY 2025–26 and stricter documentation norms—managing ITC is more complex than ever. This blog offers a deep dive into ITC eligibility, blocked credits, apportionment, compliance with Rule 42/43.
The Invoice Management System (IMS) is a new functionality introduced on the GST portal to help taxpayers manage invoices and input tax credit (ITC) more efficiently. Launched on 14th October 2024, IMS allows recipients to accept, reject, or mark invoices as pending, directly impacting their GSTR-2B and ITC claims. This blog by Indian Tax Planning (ITP) explains how IMS works, its features, benefits, and step-by-step usage.
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