Explore the amendments proposed in the Finance Bill 2024, introducing Section 122A in the Union Budget. Learn about penalties for unregistered machines and special procedures.
Explore the Union Budget 2024 amendments to GST Law, making Input Service Distributor (ISD) mandatory. Key changes in Section 2(61) & 20 of CGST Act explained.
Explore key points for Chartered Accountants issuing CA certificates in GST. Learn about the specific ITC mismatch categories, responsibilities, and limitations
Dive into the analysis of the 52nd GST Council’s Amnesty Scheme for Time-Barred Appeals, addressing limitations and shortcomings. Explore the scope, timeline, grounds, pre-deposit requirements, and the unique provision for rehearing appeals, offering insights into this significant development for taxpayers in the GST landscape.
Explore GST implications on director services and remuneration in India. Learn about categories, recent updates, and compliance for effective tax planning
Learn about the discontinuation of IGST RCM on ocean freight for imports, its legal implications, refund possibilities, and time limits. Stay informed to claim your refunds!
Explore the admissibility of refunds despite delays under Rule 96A in GST. Understand the intricacies, past clarifications, time limitations, and action points for exporters.
There are discrepancies between the Invoice Value and value in the shipping bill/bill of export and hence required clarity on which one should be adopted as export value for the purpose of refund.
Ever since the formula has been amended in July 22 for refund of accumulated ITC under Inverted Duty Structure, the scope for obtaining refund has widened and businesses can be benefited by converting the idle credit into cash, thereby contributing towards the working capital requirements.
The new FTP also introduces a one-time Amnesty Scheme for exporters to provide relief to the exporters who were unable to fulfil their Export Obligations against the EPCG and Advance Authorizations, in order to regularise the same.
