RCM Time of Supply Rule Changes Effective from 1st November 2024 E-Way Bill and E-Invoice System Updates Effective from1st January 2025 GST Updates 2024: 10 Key GST Updates and Developments of the Year Form GSTR 9: Categories, Applicability, Parts & Sub-Parts, Preparation, & Filing Table 4...
A detailed advisory has been released outlining the guidelines and provisions for obtaining GST registration under Rule 8 of the CGST Rules, 2017. New GST instruction No. 02/2025 provides guidance on filing an appeal against interest or penalty under CGST Section 128A. An advisory has been issu...
A new advisory outlines the detailed guidelines and provisions for acquiring GST registration, as specified in Rule 8 of the CGST Rules, 2017. Read More 10th Feb 2025 The new GST instruction No. 02/2025 relates to filing an appeal against interest or penalty as per CGST Section 128A. Read...
In the context of sales of land by State entities, I expect the Commissioner will re-visit GSTR 2006/6 ‘Goods and services tax: improvements on the land for the purposes of Subdivision 38-N and Division 75’, and what is described as the “single supply rule” at paragraphs 47A-51E. ...
The eligibility criteria for GST practitioners are covered in rule number 24 of Return Rules which explains: The person must be a Citizen of India He/she should not be involved in any kind of crime cases He/she should be employed at the Commerce tax department, central product tax, and cus...
Understand how new gst rule affect your business operations, financial planning, and compliance strategies. Staying informed will help you navigate these adjustments more smoothly.Discover the implications of the new GST reform set to take effect on April 1, 2025. ...
Blocked Input Tax Credit – Rule 86A Transferring Input Tax Credit to GST Input Tax Credit Refund – Exports Documents Required ForGST Input Tax Credit Reconciliation InvoiceInvoice issues by the supplier and recipient of goods and services.
Yes, a bank account is mandatory for GST registration. As per rule 10A of the CGST Rules, 2017, the newly registered taxpayer has to furnish the banking details within 45 days from the date of registration approval or the due date of filing the first return, whichever is earlier. ...
Applying the 21 days rule, if a tax invoice was issued within 21 days from the earlier of the date the consignee issued the statement of sales or 12 months from the date the goods were removed, then the time of supply is the date of the tax invoice. Disposal...
5 Best No-Load Mutual Funds If you're considering tax-loss harvesting, you'll want to avoid running afoul of the wash sale rule. Marguerita ChengDec. 19, 2024 How to Navigate the IRS Wash Sale Rule Invest with your heart and as little as $1 with these ESG and socially responsible inve...