CBIC revises GSTR-9 Tables 8A & 8B for FY 2024–25 via Notification 13/2025, clarifying which invoices and ITC types auto-populate to reduce mismatches and future GST disputes.
Understand GST Rule 86B, its 1% cash payment rule, applicability, exceptions, calculation steps, and impact on businesses exceeding ₹50 lakh monthly turnover.
Summary of GST Rule 88A and Section 49 governing ITC utilization. Explains the mandatory order of set-off and the strategic use of IGST credit to reduce cash payment.
GST Rules 42 & 43 mandate ITC reversal for common credit related to exempt supplies. Zero-Rated Supplies (exports, SEZ) are excluded from the reversal calculation.
Understand GST Rule 42 for ITC reversal on inputs and input services. Learn how to calculate proportionate reversal for businesses with both taxable and exempt supplies.
Understand the calculation of GST and TCS on motor vehicle purchases. Learn which charges are included in the Ex-showroom and On-road prices.
Understand the process of receiving a GST DRC-01 notice for tax discrepancies. Learn about the relevant sections, time limits, and how to file a reply in DRC-06.
Understand the process of GST intimation in Form DRC-01A, issued for tax discrepancies. Learn about the parts of DRC-01A, applicable sections, and the response procedure.
Understand GST scrutiny under Section 61, including why an ASMT-10 notice is issued, how to reply with ASMT-11, and what happens next if a closure order is not issued in ASMT-12.
GST on the sale of used vehicles where input tax credit was not claimed and depreciation was, is levied on the margin (sale price minus written down value) and not the total sale price.
