Section 16 - Eligibility and conditions for taking input tax credit. Section 17 - Apportionment of credit and blocked credits. Section 18 - Availability of credit in special circumstances. Section 19 - Taking input tax credit in respect of inputs and capital goods sent for job work. Section 20 - Manner of Distribution of Credit by Input Service Distributor. Section 21 - Manner of recovery of credit distributed in excess
Are you ready for e-Invoicing?eInvoicing is going to be mandatory for Indian companies with turnover of more than 100 crores from January 2021.
Learn how to get ready for e-Invoicing.https://www.forceintellect.com/2020/11/17/gst-e-invoicing-erp/
The provisions related to refund claims which are contained in the GST laws, aim to streamline and standardize the refund process under the GST regime.
Thus, under the GST regime Government aims to create a standardized form for making various kinds of claims for refunds.
The procedure of claim and sanction will be completely online and time-bound which is a parting from the existing time-consuming and cumbersome procedure under previous law regimes.Read article: https://www.companiesnext.com/blog/refund-claims-under-gst
Complete list of documents for GST registration according to constitution of business.
Applicant will have to declare principal place of business while applying for GST.