Explore implications of new E-Way Bill restrictions effective March 2024. Learn about challenges for exporters, job work, and potential solutions. Stay informed!
Key insights from the 50th GST Council meeting revealed in 9 Notifications and 8 Circulars by CBIC. Learn about taxability of services from Head Office to Branch Offices, clarifying important issues for businesses with operations in multiple states.
Explore the complexities of Input Tax Credit (ITC) restrictions due to Place of Supply (PoS) rules in the recent GSTR3B form changes. Understand the impact on businesses and the need for careful compliance.
Understanding the implications of Section 16(2)(ba) in the GST Act: explore the details of input tax credit and its communication under section 38.
Understanding the new changes in GSTR3B and the challenges they pose for August returns. Stay updated with the latest updates from CBIC & GSTN.
Explore the recent GST Circular dated July 6, 2022, clarifying Ineligible Credits under Section 17(5) of CGST Act, 2017. Get insights on mandatory ITC eligibility for specified services.
Effective from Jan 2022, the tax payer has certain restrictions on availing his eligible Input Tax Credit in his GSTR3B as notified by CBIC, vide Notification 39 dtd 21.12.2021 The CBIC has amended the Section 16 by inserting a new subclause 16(2)(aa) as under: (aa) the details of the invoice or debit note referred to […]
GST Roll out: It is more than 4.5 Years now, after the implementation of GST from 01.07.2017, which replaced erstwhile Taxes with Uniformed Indirect tax across the country. Prior to implementation of GST there were so many taxes like Central Excise – Tax on Manufacturing Service Tax – Tax on Services State VAT – Tax […]
The CBIC has issued CGST Notification No: 39 dated: 21.12.2021 which notifies the Sections 108, 109, 113 to 122 of Finance Act, 2021 will be enforced effective from 01.01.2022. The important changes that will be affect businesses, particularly MSME and Small businesses are related to ITC condition and Detained Vehicle releasing conditions. Let us see […]
The DGFT (Director General of Foreign Trade) has issued Notification No: 19/2015-20 dated: 17.08.2021 and thus detailed the scheme guidelines for RoDTEP (Remission of Duties and Taxes on Exported Products) As expected the RoDTEP benefits are lesser than the erstwhile MEIS (Merchandised Export Incentive Scheme) benefits which came to its end in 31.12.2020 Though the […]
