https://www.taxtmi.com/article/detailed?id=7481 Businesses must implement GST compliance steps: share GSTIN/ARN with suppliers; determine HSN/SAC classifications and rates; follow invoice rules for various supply types; and deploy accounting and IT systems for return filing. During transition, review procurements to identify and claim eligible input tax credits, account for credits on inputs in stock under section 140(3) and Rule 1(4), use Credit Transfer Documents for excise credits, submit transitional forms within the prescribed period, and keep complete accounts up to the appointed date. Timely discharge RCM liabilities, account for inputs in transit, reclaim reversed service credits within the allowed period, and raise invoices before the cutoff to preserve credits. en-us Sat, 01 Jul 2017 16:19:11 +0530 Sat, 01 Jul 2017 16:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7481 Businesses must implement GST compliance steps: share GSTIN/ARN with suppliers; determine HSN/SAC classifications and rates; follow invoice rules for various supply types; and deploy accounting and IT systems for return filing. During transition, review procurements to identify and claim eligible input tax credits, account for credits on inputs in stock under section 140(3) and Rule 1(4), use Credit Transfer Documents for excise credits, submit transitional forms within the prescribed period, and keep complete accounts up to the appointed date. Timely discharge RCM liabilities, account for inputs in transit, reclaim reversed service credits within the allowed period, and raise invoices before the cutoff to preserve credits. Articles Goods and Services Tax - GST Sat, 01 Jul 2017 16:19:11 +0530 https://www.taxtmi.com/article/detailed?id=7481