The GSTN advisory for taxpayers on reversing the Input Tax Credit under rule 37(A). View More The GST department has published the advisory for ITC mismatch – GST DRC-01C. View more 10th November 2023 An advisory regarding the amnesty for taxpayers who missed the appeal filing deadline for...
Step 18: The second option is payment, reversal as per rule 37(2) where ITC is available for a specific invoice but payment for such invoice is not made within 180 days of the invoice date, at which point ITC is available to be reversed and added to output liability and on subsequent ...
10 Major GST Changes as per GST Notification 12/2024 New GST Appeal Process: Amendments to Rules 110, 111, and Introduction of Rule 113A GSTR 1A: Availability, Features, Filing Details, Amendments and ITC Now, let us look at GST due dates for September 2024. Here is a comprehensive image...
Reversal of Input Tax Credit in the case of Non-payment of Consideration (Rule 37) Claim of Credit by a banking company or a financial institution (Rule 38) Procedure for distribution of Input Tax Credit by Input Service Distributor (Rule 39) ...
Return type Tax Period Original due date Extension as per 1st May notification Recommended due date as per council meeting Actual extension as per 1st June notification GSTR 1* Apr ‘21 11 May ‘21 26 May ‘21 No Change No Change May ‘21 11 June ‘21 NA 26 June ‘21 26 June ‘21...
(b) Value of corporate guarantee as per declared value in the invoice A new proviso has also been inserted to sub-rule (2) of rule 28 vide the July amendment to ease out the GST implications on corporate guarantees. Pursuant to the said amendment, the deemed value of corporate guarantee ...
The genesis for the Commissioner’s response is found in 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 of the ruling Landcom objected to ...
TDS rule for Per Contract Value and Threshold Amount in the same Invoice IN GST: UID Validation issue GST posted for 0 price invoice GST being posted even when there is no structure Reference Information Reference No. HF364945, HF365847, HF365848,...
TDS rule for Per Contract Value and Threshold Amount in the same Invoice IN GST: UID Validation issue GST posted for 0 price invoice GST being posted even when there is no structure Reference Information Reference No. HF364945, HF365847, HF365848, HF365857, HF364136, HF368289, HF367652...
As per Rule 63 of CGST Rules The NRTP shall furnish a return in FORM GSTR-5 electronically through the common portal, including therein the details of outward supplies and inward supplies. Further, he shall pay the tax, interest, penalty, fees or any other amount payable under the Act wit...