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 ...
Read Circular No. 195/07/2023-GST from CBIC clarifying the availability of Input Tax Credit (ITC) for warranty replacement of parts and repair services. Understand GST liability and ITC reversal requirements in warranty scenarios. Ensure compliance with the provisions of the CGST Act.
Read Circular No. 194/06/2023-GST from CBIC clarifying TCS liability under Section 52 of the CGST Act in cases of multiple E-commerce Operators (ECOs) in one transaction. Understand the responsibilities of the buyer-side ECO and seller-side ECO in different scenarios. Ensure compliance with section 52 of the CGST Act.
Read Circular No. 193/05/2023-GST from CBIC regarding the clarification on availing Input Tax Credit (ITC) in GSTR-3B and GSTR-2A for the period 01.04.2019 to 31.12.2021. Understand the guidelines and conditions for dealing with discrepancies and the eligibility of ITC based on rule 36(4) of CGST Rules
CBIC Circular No. 192/04/2023-GST provides clarification on charging interest for wrong availment of IGST credit and its reversal under section 50(3) of the CGST Act, 2017. The circular addresses the utilization of wrongly availed IGST credit for interest calculation and the exclusion of compensation cess credit.
Central Government extends the amnesty for GSTR-10 non-filers till August 2023 vide Notification No. 26/2023 – Central Tax Dated: 17th July, 2023
The amnesty for GSTR-9 non-filers has been extended until August 2023 vide Notification No. 25/2023- Central Tax Dated: 17th July, 2023
Amnesty scheme for deemed withdrawal of assessment orders under Section 62 of CGST Act has been extended till August 2023 by Notification No. 24/2023- Central Tax Dated: 17th July, 2023
CBIC extended deadline for application to revoke GST registration cancellations till August 2023 vide Notification No. 23/2023- Central Tax Dated: 17th July, 2023
CBIC extended amnesty period for GSTR-4 non-filers till August 2023 vide Notification No. 22/2023- Central Tax Dated: 17th July, 2023
Extension of GSTR-7 due dates for April, May and June, 2023 for registered businesses in Manipur vide Notification No. 21/2023- Central Tax Dated: 17th July, 2023
