Suppliers forget to upload invoices in GSTR1 : Two ways to short out the issue

In a case supplier fails to upload few invoice(s) for suppliers to registered person in his GSTR1 and filed his GSTR1, there is no need for undue concern for the recipient (buyer). Though no invoices can be added to a GSTR1 once it is filed. There are yet two ways in which the recipient can claim … Continue reading Suppliers forget to upload invoices in GSTR1 : Two ways to short out the issue

GST rate structure for Petroleum and Oil Sector

To reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration and production) sector and downstream sector, the GST Council in its 22nd meeting held on 6thOctober, 2017 has made the following recommendations for GST rate … Continue reading GST rate structure for Petroleum and Oil Sector