Article explains What’s the restriction on Input Tax Credit under GST, On what Invoices/debit notes is the restriction on Input Tax Credit under GST imposed, Calculation of restriction of Input Tax Credit under GST, Amount of ITC to be availed under GST
There will be no late fee for those who have no tax liability and have not filed returns between July 2017 and January 2020, the government announced today while easing compliance rules for Goods and Services Tax (GST) compliance.
The GST Council fixed the GST on Textiles and Textile Products, Apparel, and Clothing after the implementation of GST. The Council fixed the GST rates at 0, 5, 12, 18 and 28 in India for both goods and services