"CA Umesh Goyal proprietor of M/s Umesh Goyal and Company, doing Practice since more than 25 years as A Chartered Accountant mainly in field of Indirect taxes having specialization under GST, VAT, CST and PT."
CBIC circular clarifies GST rules on post-sale discounts. Learn when credit notes require ITC reversal and how discounts are treated as consideration.
Understand Section 128A of CGST Act: Waiver of interest and penalty for demands under Section 73. Learn eligibility, procedures, forms, and exclusions effective Nov 2024.
CBIC clarifies the need to mention the recipient’s state name on tax invoices for services supplied to unregistered recipients via ECO or digital platforms.
Understand reporting ITC issues in GSTR-9 for FY 2023-24 due to date mismatches in invoices. Learn the challenges and suggested solutions for compliance.
Learn the procedure for relief from GST demand under Section 16(4) with retrospective effect, including rectification processes and ITC eligibility.
