Goods and Services Tax : The Central Board of Indirect Taxes and Customs (CBIC) has announced significant extensions to the deadlines for filing Goods and ...
Goods and Services Tax : CBIC issues guidance on GST treatment of vouchers, addressing distribution models, unredeemed vouchers, and associated services to...
CA, CS, CMA : Key updates from Income Tax, GST, DGFT, RBI, and more for the week ending 29th Dec 2024....
CA, CS, CMA : Review of significant legal, tax, GST, and SEBI updates during the week ending 22nd December 2024, including new guidelines and ju...
Goods and Services Tax : Complete essential compliance tasks by 31st Dec 2024, including filing income tax returns, GST annual returns, CSR reports, and RB...
Goods and Services Tax : KSCAA highlights issues in GST registration, suggesting uniform SOPs, better verification, geocoding fixes, transparency, and supp...
Goods and Services Tax : Karnataka CA Association urges upgrades to the Professional Tax portal, addressing issues like OTP errors, payment glitches, and l...
Goods and Services Tax : Government addresses GST exemption on health & life insurance premiums, forming a GoM for review. Key updates on current exemption...
Goods and Services Tax : GST on commercial training is 18%, while educational institutions' services and books are exempt. Details of GST collection and me...
Goods and Services Tax : Avoid GST phishing scams. GSTN never asks for personal details via calls, emails, or SMS. Verify sources and avoid clicking on unt...
Goods and Services Tax : Allahabad HC grants stay on recovery against Saru Silver Alloys Pvt Ltd, noting challenges to Rule 96(10) of CGST Rules, 2017, ami...
Goods and Services Tax : Supreme Court allows 4 weeks extension to open common portal for Tran 1 & Tran 2 Hon’ble Supreme Court while hearing an appl...
Income Tax : M. K. Traders Vs UOI (Gujarat High Court) Conveyance and the goods came to be detained applying the provisions of Section 130 of t...
Goods and Services Tax : Respondent had issued incorrect invoices while selling the above products to his recipients as he had incorrectly shown the base p...
Goods and Services Tax : A Group of Ministers (GoM) is set up to evaluate the feasibility of a special cess under GST for disaster relief and recommend a u...
Goods and Services Tax : The GST Council reconstitutes the GoM on Revenue Analysis with new terms of reference to assess revenue trends, compliance, and po...
Goods and Services Tax : Rajasthan mandates virtual hearings for GST cases. Learn about the process, requirements, and compliance under the new guidelines ...
Goods and Services Tax : CBIC issues KYC compliance clarifications for couriers, reports on significant drug seizures, overvaluation cases, and announces p...
Goods and Services Tax : GSTN allows company directors to complete biometric authentication at any GST Suvidha Kendra in their home state. Read the latest ...
GSTN announces the launch of the e-Invoice Exemption Declaration functionality for taxpayers exempted from e-Invoicing under CGST Rules.
he State Goods and Services Tax Department has introduced a new Reference Number (RFN) system to replace the existing Document Identification Number (DIN) for all communications issued to taxpayers and individuals. Circular No. 14/2023 provides guidelines for the implementation and exceptions to this new system. Circular No. 14/2023 highlights the transition from the DIN to […]
Six years after the rollout of the biggest indirect tax reform of India, the consistent monthly revenue of Rs 1.5 lakh crore from the Goods and Services Tax (GST) has established itself as the new normal. India implemented the Goods and Services Tax (GST) on July 1, 2017, marking a significant milestone in tax reform. […]
Stay updated on GST regulations! Analysis of 9 GST Circulars issued by CBIC on 17th July 2023. Key insights on interest charging, ITC, TCS liability, warranty replacement, and more.
Stay informed on the latest GST updates! CBIC issues 9 Notifications extending deadlines for GST Forms & Amnesty Schemes. Learn about the extended dates and compliance requirements.
Gain clarity on Input Tax Credit (ITC) differences between GSTR-3B and GSTR-2A for the period 01.04.2019 to 31.12.2021 with guidance from Circular No. 193/05/2023-GST.
Read Circular No. 199/11/2023-GST from CBIC providing clarification on the taxability of services provided by an office of an organization in one state to the office of the same organization in another state, both being distinct persons. Understand the tax implications and requirements for such transactions.
Circular No. 198/10/2023-GST issued by the Central Board of Indirect Taxes & Customs (CBIC) addresses the issue regarding the applicability of e-invoice under rule 48(4) of the Central Goods and Services Tax (CGST) Rules, 2017 for supplies made to Government Departments, establishments, agencies, local authorities, and PSUs registered for tax deduction at source. The circular […]
Read Circular No. 197/09/2023-GST from CBIC providing clarification on various issues related to GST refunds. Understand the clarifications on refund of accumulated input tax credit, requirements of undertaking in FORM RFD 01, calculation of adjusted total turnover, and admissibility of refunds for exporters complying with sub-rule (1) of rule 96A
Taxability of Shares in Subsidiary Company: CBIC Circular 196/08/2023-GST” SEO Meta Description: “Read Circular No. 196/08/2023-GST from CBIC clarifying the taxability of shares held by a holding company in a subsidiary company under GST. Understand whether holding shares constitutes a supply of service and attracts GST or if it is exempt. Ensure compliance with the provisions of the CGST Act.
