GST – Laws, Rules and other information published by the Government. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017Received the assent of the President on the 12th April, 2017Download PDF THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017Received the assent of the President on the 12th April, 20...
It’s surreal that we’ve completed half of this year, and 2025 is just six months away! July 1st is particularly special as it marks the 7th anniversary of the Goods and Services Tax (GST) in India. The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1...
GST is managed by the Goods and Services Tax Council and is governed by the Goods and Services Tax Act, of 2017. GST is levied on all types of goods and services except petroleum products, and electricity, on which the taxes are levied by the state governments. It is divided into two ...
GST Notification 20/2024 dated 8-10-2024: Seeks to make amendments (Second Amendment 2024) to the CGST Rules, 2017 GST Notification 21/2024 dated 8-10-2024: Seeks to notify date under sub-section (1) of Section 128A of CGST Act GST Notification 22/2024 dated 8-10-2024: Seeks to not...
M. Adjustments in a turnover under section 15 and rules thereunder (+/- ): There may be cases where the taxable value and the invoice value differ due to valuation principles under section 15 of the CGST Act, 2017 and rules thereunder. Therefore, any difference between the turnover reported...
GST invoice Rules Below are a few importantGST rules: Minimum Amount for Raising a GST Invoice Under the GST Act, an invoice is not mandatory for transactions less than ₹200 if the recipient is unregistered and does not request an invoice. However, businesses can issue a consolidated invoice...
Click theDOWNLOAD GSTR-5A (PDF)to get the file in the pdf format. NOTE: You cannot file the returns for GSTR-5A until you have filed full payment of taxes and other liabilities for the tax period. For this case, you have to create a challan. ...
ITC Rules to Follow Going Forward GST/HST registrant dentists are eligible to claim ITCs for GST/HST paid or payable on their acquisitions of property and services, to the extent that these acquisitions are used in theircommercial activities. Commercial activities include the provision of taxable c...
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You may copy and use this document for your internal, reference purposes. • For import of services from Associated Enterprises, the treatment would be same as it is in case of reverse charge for goods. e. Invoicing under GST: a. As per finalized GST Law read with draft invoice rules,...