Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
GST Portal Introduces RCM Liability/ITC Statement
Update / Judgement Date
25 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate ComplianceGST
The GST portal has introduced a new feature allowing taxpayers to view their Reverse Charge Mechanism (RCM) liabilities and Input Tax Credit (ITC) details in a consolidated statement. This update will help businesses monitor and reconcile their RCM liabilities with the ITC claimed. The introduction of this feature is expected to streamline the compliance process, reduce errors, and improve transparency in GST returns filing.
