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GST Implications on Services Provided to Panchayats and Municipalities

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  GST Implications on Services Provided to Panchayats and Municipalities Constitutional Framework, Legal Position & Exemption Analysis.   1.      Constitutional Framework of Local Self-Government. The Constitution of India envisages a robust system of local self-government through Panchayats and Municipalities , introduced by the 73rd and 74th Constitutional Amendments .   Articles 243A to 243O deal with Panchayats (rural local bodies) Articles 243P to 243ZG deal with Municipalities (urban local bodies)   These provisions empower local bodies to function as institutions of self-government, entrusted with constitutionally defined responsibilities.   2.      Panchayats - Powers and Functions under Article 243G. Article 243G of the Constitution of India authorises State Legislatures to endow Panchayats with powers and responsibilities necessary to enable them to function as inst...
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ITC Reclaim Ledger & RCM Ledger – What Professionals Must Watch Now

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  Over the last two years, GSTN has gradually moved from advisories and warnings to system-enforced compliance , especially in the area of Input Tax Credit (ITC) . The latest Advisory & FAQs (Dec 2025) clearly signal that excess ITC claims will no longer be tolerated by the system .   1.    Electronic Credit Reversal & Re-claimed Statement (ITC Reclaim Ledger): - Introduced from: Aug 2023 (monthly filers) Jul–Sep 2023 (quarterly filers)   This ledger tracks: ITC temporarily reversed in Table 4(B)(2) , and Its subsequent re-claim through Table 4(A)(5) read with 4(D)(1) .   What has changed now? Re-claimed ITC in Table 4(D)(1) must be within the available balance of the ITC Reclaim Ledger plus current period reversal. Negative closing balance is not allowed . If negative, GSTR-3B filing will be blocked unless excess ITC is reversed—even resulting in cash liability if no ITC is a...
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GST Audit Checklist.

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  GST AUDIT CHECKLIST. Particulars Remark Registration & Basic Profile ·        Verify GST registration details (legal name, trade name, address, nature of business). ·        Check additional places of business and branch registrations. ·        Verify amendments made during the year (timely filing). ·        Check cancellation / suspension, if any, and its impact. Applicability of E-Invoice ·        Check the compliances Applicability of E-Way Bill ·        Check the compliances Outward Supplies / Income Side ·        Verify whether GST is correctly paid on all taxable income. ·        Classifi...
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