GST Registration for Small Business: New Rules & How GST Works for Small Business? June 29, 2024 10 Mins Read Share The Goods and Services Tax helps small businesses get rid of complex and legacy centre and state taxation systems and replacing them with a simple, unified one tax system. Re...
June 27, 2024Arpit KulshresthaGST India, Informative GST Articles 8 Minutes Read What is GST Rule 88C? The Achilles’ heel of GST has always been the mismatch in GSTR-1 and 3B. There have been several cases when ITC was transferred by the supplier via GSTR-1 even though taxes had not...
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 ...
GST Updates for September 2024: New Compliance Requirements and Reporting Rules Decoding Form DRC-03A: How It Streamlines GST Liabilities for Taxpayers New RCM Liability & ITC Statement: What Businesses Need to Know Now, let us look at GST due dates for October 2024. Here is a comprehensive ...
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 ...
W. P.N o.15335 of 2024 and W.M.P.Nos.16659 & 16661 of 2024News & Updates New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: •The taxpayers can now...
CA Umesh Sharma 31 December 2024 at 08:53 Just as the New Year symbolizes new beginnings, the 55th GST Council Meeting has introduced transformative recommendations for taxpayers and businesses. These recommendations touch upon rates, compliance mechanisms, clarifications, amendments and much more. ...
Q Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions? (2020) Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024 Attend Now August 24, 2024 Goods...
PTI - May 21, 2024 The issue of taxation for warehouses has cropped up after multiple suppliers have geo-tagged the same warehouse as their 'additional place of business' under the GST rulesNew Delhi: GST authorities are working out a mechanism to deal with the... Latest News Zomato gets...
“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...