This plan will help your business adapt to GST implementation and cater to all compliance and registratio
Provisions enabling charging of interest upto 24% for wrongly availing and utilizing input tax credit has been made applicable retrospectively w.e.f. 01.07.2022.
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LUT in GST: Full form/meaning is Letter of Undertaking. It is prescribed to be furnished in the form GST RFD 11 under rule 96 A,
GST law also provides for grant of provisional refund of 90% of the total refund claim.