Through GST Notification No. 07/2025 - Central Tax, dated January 23, 2025, The Ministry of Finance, has announced the changes to the Central Goods and Services Tax (CGST) Rules, 2017. The introduction of Rule 16A is among the prominent updates that ease
Compliances for Services under RCM Every tax invoice must mention whether the tax is payable on reverse charge in accordance with section 31 of the CGST Act, 2017 and Rule 46 of the CGST Rules, 2017. Similarly, you also need to mention in the receipt voucher and refund voucher if the tax...
Amended and updated notes on section 125 of CGST Act, 2017. Detail discussion on provisions and rules related to general penalty. Chapter XIX (Sections 122–138) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to offences and penalties. Section 125 of CGST...
a debit note issued by a supplier in accordance with the provisions of section 34; a bill of entry or any similar document prescribed under the Customs Act, 1962 or rules made there-under for the assessment of integrated tax on imports; an Input Service Distributor invoice or Input Service ...
July 1, 2021, is a very special day as the Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and it came into effect on 1st July 2017. Thus, this day is not just celebrated as GST Day but also CA Day for honouring our hardworking tax professionals who have...
GST Act along with GST Rules has defined the invoicing rules and formats. GST Payment & Refund There are less than 4 months left for the implementation of GST on July 1. GST Notice Solution The rules governing the implementation of the Goods and Service Tax ...
The GST registration is made simple. As per me compared to earlier laws, registration under GST is simplest. I have tried to cover the registration provision of CGST ACT, 2017 as well as Registration rules along with application rules to provide a guide
The claim for a GST refund must be submitted within two years following the relevant date. This is in accordance with the CGST Act of 2017 Section 54. The relevant date may vary based on the kind of refund that is requested. For the majority of refunds, the relevant date is the day th...
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. ...
GST registrant has violated any rules or provisions as, under CGST Act 2017, he will be subject to statutory GST cancellation. When do we OPT for GST cancellation? There are certain circumstances that may compel a taxpayer to opt for a surrender of GST registration. Given below are some of...