Restaurant Service supplied at Specified Premises Sr No Question Answer 1 What do you mean by ‘specified premises’? Restaurant Service supplied at Specified Premises W.e.f. 01.04.2025, the definition of specified premises shall be as under: “Specified premises”, for a financial year, means,- (a) a premises from where the supplier has provided in the preceding financial … Read more
Detailed Guide on Filing Detailed Guide on Filing The Goods and Services Tax Network (GSTN) has recently addressed several grievances raised by taxpayers regarding issues faced while filing waiver applications under SPL 01 and SPL 02. This blog provides detailed insights into these issues, key deadlines, and step-by-step solutions to ensure taxpayers can comply efficiently. … Read more
ISD Mandatory for Input Tax Credit ISD Mandatory for Input Tax Credit Starting April 1, 2025, businesses with multiple GST registrations under the same PAN must adopt the Input Service Distributor (ISD) mechanism to distribute common input tax credits (ITC). Non-compliance with this rule may lead to ITC denial and a minimum penalty of Rs … Read more
Directors Can Now Opt for Authentication Introduction Directors Can Now Opt for Authentication GST registration has always been a critical step for businesses, ensuring compliance with taxation laws in India. To enhance security and minimize fraudulent registrations, GSTN mandates Aadhaar-based authentication for new applicants. This authentication can be done through OTP verification or Biometric Authentication … Read more
Key Compliance Changes in Budget 2025 The financial year 2024-25 is nearing its end, and March 2025 is a crucial month for businesses and taxpayers to ensure they comply with the latest GST regulations. The Budget 2025 has introduced several GST-related compliance changes that businesses must adhere to in order to avoid penalties and maintain … Read more
