excise duty. However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some challenges for startups, as they have to adjust to the new tax regime and comply with the GST rules and ...
Here’s a roundup of the top GST news and GST updates in October 2024 that businesses need to know. Latest GST Updates: GST Notifications Released in October 2024 GST Notification 20/2024 dated 8-10-2024: Seeks to make amendments (Second Amendment 2024) to the CGST Rules, 2017 GST ...
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 of our September GST Due Dates Calendar or GST Compl...
Proper GST-compliant invoices and documentation are required to claim ITC, ensuring the supplier’s GSTIN, invoice details, and compliance with GST rules. How Smartphones Dealers Benefit from GST? The implementation of GST and new GST slab rates has brought several advantages to mobile phone ...
“The CBIC has released new circulars clarifying the GST classification of rates and the basis for recommendations by the GST Council meeting. The circular numbers are 240, 241, 242 and 243.” View More 30th December 2024 The new advisory relates to waiving scheme 128A. Under the scheme, the...
On January 1 2024 the Singaporean Government increased Goods and Services Tax (GST) from 8% to 9%. Learn how it affects you.
For issuances of invoice in 2023 for a delivery that will be made in 2024, should I charge 9% GST? No. If you’re issuing an invoice in 2023, the GST rate is 8%. Can I show both old and new GST rates in the same tax invoice for billings that straddle the GST rate change?
One day later, on November 28, 2024, Bill C-78 passed the House of Commons and subsequently passed the Senate on December 12, 2024.[1] How are sales and importations affected by this temporary GST/HST measure? Bill C-78 amends...
November 12, 2024Subodh KumawatInformative GST Articles 12 Minutes Read Goods and service tax is a major factor that has the potential to cover the economic base of the country along with its sidelines also India is not just one of the biggest performing nations for generics, but additionally ...
GST on Corporate Guarantees: Understanding the new regime July 17, 2024/0 Comments/inFinancial Services,Good & Service Tax (GST),Indirect Taxes,Taxation/byPayal Agarwal –Payal Agarwal, Associate |corplaw@vinodkothari.com The debate around levy of GST on corporate guarantee extended without or wit...