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GST –The Year Gone By And Changes W.E.F. 01.01.2022

On global landscape, the World economic output may exceed 100 trillion for first time in 2022, as per prediction of British Consultancy Cebr. India may overtake France in 2022, and Britain in 2023 to regain its place on the World’s sixth biggest economy. Major economics will have to cope up with inflation also. The news […]...

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GST New Era in 2022: Important Changes effective 1st Jan, 2022

Article explains Important Changes in GST effective from  1st Jan, 2022 related to Changes in GST impacting On E-Commerce Operators i.e. Zomato, Swiggy etc., Recovery of Self-assessment tax without Opportunity of Difference between GSTR-1 and GSTR-3B, ITC availability on filing of GSTR-1 by supplier, Blocking of GSTR-1 for non-filing of ...

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‘Renting/Leasing of immovable property’─Reimbursement of electricity expenses are Part of Taxable Value

ARA, Rajasthan has pronounced judgment on 15.9.2021, in the case of Harish Chand Modi  (2021) 36 J. K. Jain’s GST & VR 500, that; ‘The Principal supply of services by the applicant (Lessor) is ‘Renting/Leasing of immovable property’, attracting GST @18% under SAC code 997212. Collection of electricity & other expenses...

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Important changes in GST Regime with effect from 1st January 2022

Central Government has brought into effect the provisions of Finance Act, 2021 effective from 1st January, 2022. In the Budget of 2021-22, changes in Finance Bill, 2021 were proposed to make changes in CGST Act, 2017. Accordingly, CGST Act, CGST Rules and IGST Act, 2017 has been amended. We have examined the proposed changes in […]...

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Points wise Summary of GST Changes Notified w.e.f 1st January 2022

The Government vide Notification No. 14/2021-Central Tax) & Notification No. 15/2021-Central Tax dated 18th November 2021 has made some major amendments that will come into force from 1st January 2022. The following are the 10 important changes that has come into effect from 1st Jan 2022 Compliance Related 1 – GST ITC availabl...

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Education Cess, SHE Cess and KKC cannot be transited to GST

In SCA No.53 of 2020 judgement pronounced on 16.10.2020, passed by Division Bench of Madras High Court, regarding transition of Education Cess, Secondary and Higher Secondary Education Cess and Krishi Kalyan Cess. The Hon’ble Court in its 135 pages of judgement held that “the Assessee was not entitled to carry forward and set off of [...

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To avoid litigations in GST – File GSTR-1 in time

Arjuna (Fictional Character): Krishna, what are the changes notified by government in filing GSTR-1 and GSTR-3B from 1st January 2022? Krishna (Fictional Character): Arjuna, Earlier taxpayers (Supplier) were not able to file GSTR-1 or use the IFF on the GST portal if they had pending GSTR-3B filings for the past two months (monthly filer)...

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GST Rate on works contract services w.e.f 01.01.2022

Article compiles GST Rate on works contract services w.e.f 1st January 2022 mentioning Chapter, Section or Heading, Description of Services, GST Rate before 01st January 2022 and GST Rate with effect from 1st January 2022 GST Rate Chart in respect of works contract services w.e.f 01.01.2021 Sl. No. Chapter, Section or Heading Description ...

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GST Compliance calendar (Due Dates) for January 2022

The government over the past several months have made several important changes in GST law. Majority of these changes are coming into effect from 1 January 2022. The below tables contain the details of due dates for various compliances under the Goods and Service Tax Act, 2017 (‘GST Act’). GSTR-1 – Taxpayer type Form type […]...

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Supply of Restaurant Services through E-Commerce Operator

Introduction Earlier, when restaurant supplied food through E – Commerce Operator, restaurant was liable to pay GST on supply of food. But, now w.e.f. 01st January 2022 E – Commerce Operator is liable to pay GST. Let us discuss in detail. Section 9(5) Specified Categories of services, the tax of which shall be paid by […]...

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