GST Circular 237/31/2024-GST dated 15-10-2024: Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act,2017 GST Circular 236/30/2024-GST dated 11-10-2024: Clarification regarding the scope of “as is / as is, whe...
Summary of GST Circular 161: Summary of GST Circular 160: Clarification relating to the export of services-condition (v) of section 2(6) of the IGST Act 2017 Summary of GST Circular 164: GST Rates and Classification of Goods/Services October marked the completion of a year of e-invoicing....
Section 74 Determination of tax not paid, CGST Act, 2017 Officers to assist proper officers, Sec 72 of CGST Act, 2017 Inspection of goods in movement, Sec 68 of CGST Act, 2017 Section 67 of CGST Act, 2017 Power of inspection, search and seizure ...
Section 74 Invocation to be Considered as Preliminary Issue. ByCA Satbir Singh|March 21, 2025 0 Comment Section 74 Invocation to be Considered as Preliminary Issue. Issue: Whether the validity of invoking Section 74 of the CGST/KGST Act, which pertains to fraud, misstatement, or suppression of...
Section 75-10 is concerned with calculating the margin for “the supply”. The term “taxable supply” is defined in s 9-5 of the GST Act and the term “supply” is defined in s 9-10(1) of the GST Act. The “supply” is to be identified pursuant to s 9-10(1). Applying the...
The GSTN (Goods and Services Tax Network) will soon allow metal scrap dealers to register for TDS (Tax Deducted at Source) under section 51 of the GST Act. View more 11th October 2024 GSTN has been enabled in four new states Odisha, Kerala, Nagaland, and Telangana, for the verification...
Relevant Rules and Forms for GST Section 125: Rule 142: Notice and order for demand of amounts payable under the Act FORM GST DRC – 01: Summary of Show Cause Notice FORM GST DRC – 01A: Intimation of tax ascertained as being payable under section 73(5)/74(5) FORM GST DRC – 02:...
Penalty for opting for composition scheme even though the business is not eligibleIn case of fraud (Section 74), a penalty of 100% of the tax due or Rs 10,000 whichever is higher will apply In case of no fraud, a penalty of 10% of the tax due or Rs 10,000 whichever is higher wi...
Such details to be uploaded in the online form for cancellation of registration which is to be filled in services section by logging into GST portal. Reply Bharat April 8, 2018 at 6:34 pm In GSTR 1 Table 12 HSN wise summary, should I give both, interstate as well as Intrastate sell ...
Computation of capital gains in case of depreciable assets.: Clause 74 of Income Tax Bill, 2025 vs. Section 50 of Income-tax Act, 1961 Cost of acquisition for capital gains tax purposes: Clause 73 of the Income Tax Bill, 2025 vs. Section 49 of the Income Tax Act, 1961 ...