Inbound sea freight incurs a 5% GST on RCM, while air freight is exempt. This distinction raises questions on GST treatment in transportation modes.
Bombay HC quashes notice under Section 148 for non-compliance with faceless assessment provisions in VDA Infosolutions Pvt. Ltd. Vs Union of India case.
The 54th GST Council recommends RCM for renting of commercial property by unregistered persons to registered entities, raising various legal and ITC implications.
CBDT extends audit report filing deadline to 7th October 2024 for AY 2024-25, considering taxpayers’ challenges. Update applies to selected assessees.
