- The Institute of Chartered Accountants of India (ICAI) has released the February 2025 edition of the “Handbook on Reverse Charge under GST,” reflecting updates up to February 1, 2025, and offering comprehensive guidance for registered persons liable for reverse charge payments.
- The Indian GST system is characterized by its forward-looking and flexible nature, with ongoing improvements aimed at simplifying compliance, as evidenced by regular reviews of tax rates and exemptions by the GST Council.
- ICAI actively supports the government’s GST initiatives through its GST & Indirect Taxes Committee, providing technical publications, newsletters, webinars, certificate courses, and conferences to enhance understanding and implementation of GST.
For further details, the Handbook can be accessed here.
Source A2ztaxcorp
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