Mohan Footcare Pvt. Ltd. (“the Petitioner”) was engaged in manufacturing operations resulting in an accumulation of ITC under the inverted duty structure. The Petitioner applied in March 2018 for ...

What is the importance of using UQC (Unique Quantity Code) in GST? Is it necessary to mention the UQC code on GST invoices? How often is the list of UQC codes updated? Section 194H of the Income Tax ...

Now businesses can make entries about imports in the Invoice Management System (IMS) under GST. According to the tax department, this will enhance the convenience of a GST assessee. “A new section for ...