Stay updated on major changes in GSTR 3B reporting and filing. Learn about new tables, amendments in ITC reporting, and guidelines issued by CBIC.
The government has now decided that the negative balance in the cash ledgers of such taxpayers should be nullified. Accordingly, the negative balance has been nullified.
Uncover crucial insights into filing GSTR-1 & GSTR-3B! Explore Circular No. 170/02/2022-GST (06.07.2022) mandates for accurate info on inter-State supplies and ITC. Stay compliant with CA Ajay Kumar Mundadas guidance.
The Institute of Cost Accountants of India Press Release Date 07/07/2022 This is for information of all concerned that 78000 students applied for the Online Intermediate and Final, June 2022 term examination of the Institute covering 210 centres across India and abroad. The attendance of the candidates was above 70% based on portal login count, […]
Duty Credit Scrips are goods as held by many Courts and the supply of the same liable to GST. Duty Credit Scrips covered under HSN 4907 and exempted from 13.10.2017 under S. No. 122A of Notification 2/2017 – CGST (Rate). Prior, it was taxable under GST.
Explore the latest GST notifications issued by CBIC on July 5, 2022, post the 47th GST Council Meeting. Key updates include interest imposition on incorrect ITC utilization, new rules for interest calculation, extension of timelines, and changes in FORM GSTR 3B and annual return filing. Stay informed for compliance and optimal financial planning.
Explore the detailed analysis of 7 GST Circulars issued by CBIC on July 6, 2022, following the 47th GST Council Meeting recommendations. Understand key insights on GSTR filing, demand and penalty provisions, deemed exports, blocked ITC, perquisites, refund processes, and duty-free shops. Stay informed about the latest updates impacting GST compliance and regulations.
Explore the latest GST updates from CBIC issued on 5th July 2022 (Notification No. 09/2022–Central Tax to No. 14/2022–Central Tax). Key changes include E-Cash ledger transfers, GSTIN balance transfers, restrictions on E Credit Ledger, Interest on wrongly availed ITC, GSTR 9 exemption for FY 2021-22, CMP-08 due date, late fees waiver for GSTR-4, extended period for Demand Order issuance, rules for erroneous refund recovery, declaration on non-e-invoice issuance, UPI & IMPS for GST payments, and updates on GSTR 9 & 9C relief for FY 2021-22. Stay informed about the latest GST developments.
Explore the complexities and concerns arising from the recent decision to tax non-ICU hospital room charges exceeding Rs. 5000 per day at 5%, as discussed in the 47th GST Council meeting. Understand the potential impact on healthcare services, billing practices, and compliance challenges.
GSTN can issue advisory in respect of IT process designed for return filing process. Further as the issue pertains to IT process design for filing process, the requirement of approval is not applicable.
