GST Credit Note

Franchise return can now be treated as GST Credit Note

Dec 06, 2019

Till date, franchise return was treated as inward supply only, i.e., only the GST input account got impacted. But with this update, now GST credit note can be issued impacting the GST output ledger. The provision has been created as GST law/rules… read more

by Aparajita Basu Roy 32 Shares 0
GST impact

Impact of Goods and Service Tax on the FMCG sector

Oct 04, 2017

The main inspiration behind the implementation of a modern Goods and Service Tax (GST) is to alleviate the problems of India’s current indirect system which poses a serious threat to the formation of a single common market and further economic… read more

by Sidharth 32 Shares 0