Blog categorized as GST Registration

Income Tax Deductions and Exemptions for Solar Panel Businesses in India

Income Tax Deductions and Exemptions for Solar Panel Businesses in India

By RB Associates and Tax Matters

As the global focus shifts toward sustainable energy, India has taken significant steps to promote renewable energy adoption. To support this green transition, the Government of India has introduced several income tax deductions and exemptions for businesses investing in solar panel installations an...

13.06.25 05:29 AM - Comment(s)
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Navigating the Changes in GSTR-3B for Reporting Ineligible Input Tax Credit

Navigating the Changes in GSTR-3B for Reporting Ineligible Input Tax Credit

By RB Associates and Tax Matters

The Goods and Services Tax (GST) landscape is ever evolving, with frequent updates and changes to the reporting procedures. One of the critical aspects of GST compliance is the accurate reporting of Input Tax Credit (ITC) in the GSTR-3B form.
24.09.24 12:02 PM - Comment(s)
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Reopening of Reporting ITC Opening Balance in GST Portal

Reopening of Reporting ITC Opening Balance in GST Portal

By RB Associates and Tax Matters

1. Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 (read with circular 170/02/2022-GST, Dated 6th July,2022), the Government introduced certain changes in Table 4 of Form GSTR-3B regarding availment & reversal of ITC along-with reporting of re-claimed and ineligible ITC. Accord...

21.09.24 02:40 AM - Comment(s)
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Understanding the New Invoice Management System in the GST Portal

Understanding the New Invoice Management System in the GST Portal

By RB Associates and Tax Matters

The Goods and Services Tax (GST) ecosystem in India has taken a significant step forward with the introduction of the Invoice Management System (IMS) on the GST Common Portal.
19.09.24 01:54 AM - Comment(s)
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RCM on Commercial Property Rent- Key Impacts

RCM on Commercial Property Rent- Key Impacts

By RB Associates and Tax Matters

The Reverse Charge Mechanism (RCM) on Commercial rent refers to the system where the tenant is liable to pay GST on the rented Commercial Property.

16.09.24 11:38 AM - Comment(s)
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