See Changes in GST Return Filing (1, 3B) Effective from 1st Sept 2024 Jharkhand HC Upholds the GST Return 3B Form Validity and Time Limit of ITC U/S 16(4)Follow Us on Google News Latest Posts Karnataka Reports 26% Growth in Women Filing Income Tax Returns Over the Past Five Years ...
October 2024 has been an eventful month for GST updates in India, with significant changes impacting businesses and taxpayers alike. These updates reflect ongoing efforts to modernize the GST framework, improve tax transparency, and ensure smoother processes for taxpayers. Here’s a roundup of the ...
In cases where you have only collected GST at a rate of 8% on supplies made on or after 1 Jan 2024 (for example, due to system update delays), you are still obligated to account for GST at 9% in your GST return. To do this, you can calculate the output tax payable by using the...
On the GST front, there were quite a few changes and updates in the month of November. You can read all the updates here: Top GST News of the Month. Also, we have covered detailed articles for you about the key GST Changes effective from November 1, 2024 and the newly released Supplie...
December 9, 2024Atul MittalGST India, Informative GST Articles 30 Minutes Read The government keeps on amending and updating the provisions related to different types of taxes. The reason could be anything, but in most cases, the changes are made for the ease of the taxpayers. In this ...
Businesses should review their contracts with suppliers and customers to determine which party should bear the cost of the GST when the rate does increase. Moreover, businesses should review any changes required to be made to their systems or processes in the event of a GST hike. ...
Changes in Income Tax in 2024: New Rules, New Opportunities! Understanding Old vs. New Tax Regime for NRIs: Which Is Better? New Process for Condonation of Delay in Filing Forms 9A, 10, 10B and 10BB: Key Highlights of Circular 16/2024 ...
Here are some key changes: Latest Updates on GST and Import Duties for Mobile Phones In the Union Budget 2024 held on 23rd July 2024, the Finance Minister announced a reduction in the customs duty on the import of mobile phones and related components by 5%. This move aims to boost the ...
Time Zone Converter International Meeting Planner Event Time Announcer Time Zone Abbreviations Time Zone News Daylight Saving Time Time Changes Worldwide Time Difference 123691245781011 GST time now 17時50分:00 2024年12月9日星期一 UTC Offset:UTC -2 ...
Sections 73 & 74 Changes: Unified time limit and extended penalty payment period from 30 to 60 days. Monetary Limits for Appeals: GST Appeals: Rs.20 lakh for GST Appellate Tribunal, Rs.1 crore for HC, Rs.2 crore for SC. Sections 107 & 112 Amendments: Reduced pre-deposit amounts for ...