RCM Time of Supply Rule Changes Effective from 1st November 2024 E-Way Bill and E-Invoice System Updates Effective from1st January 2025 GST Updates 2024: 10 Key GST Updates and Developments of the Year Form GSTR 9: Categories, Applicability, Parts & Sub-Parts, Preparation, & Filing Table 4...
The GST Portal has been upgraded to feature an RCM Liability/ITC Statement, which helps taxpayers accurately report their transactions. *** GST Collection for August 2024 As per the comprehensive report released on the Goods and Services Tax portal, the gross monthly GST collection increased by 10...
Gst rcm on rent-applicability in the case of property taken on lease... (5) Rule 86b income tax paid more than one lakh in updated return under section ... (1) Sale tax knowledge(3) Gst amnesty scheme 2024(2) Input tax credit(2) Multi...
GST laws mandate specific timelines for issuing invoices, revised bills,debit notes, andcredit notesbased on the type of supply. For goods, a GST tax invoice must be issued when the value exceeds ₹200. However, GST-registered suppliers must issue invoices upon customer request, regardless of ...
It resulted in GST liabilities under the RCM for Indian companies utilizing services from foreign expatriates of overseas group firms. While GST could be offset against output service tax liabilities, for exporters, it poses a challenge by tying up working capital since they usually rely on GST ...
Businesses liable to pay GST under RCM, where the recipient pays tax instead of the supplier, must register. Specialized Categories Entities like TDS deductors, TCS collectors, and Online Information and Database Access Retrieval (OIDAR) service providers require GST registration. GST Registration Thr...
TDS Applicability on Rent to KINFRA Profit & Loss Statement Analysis: Gross Profit PAYMENT OF RCM under gst Tally Entry On Accounting Payables When to register as a representative assessee? LTCG immovable property sale Ewaybill generation for Return of Goods From Exhib A foreign entity engages...
Time of supply in the case of RCM Importance of Vouchers in the case of Time of Supply Meaning and conditions of Goods sent on Approval Basis Meaning & Conditions of Continuous Supply of Goods 7.Composition scheme Meaning of Composition Scheme ...
245/02/2025-GST to provide clarifications on the applicability of GST on specific services based on the recommendations of the 55th GST Council meeting held on 21st December 2024. Understanding Form GSTR-1A: A New Tool for GST Compliance Abhishek Raja 31 January 2025 at 08:57 This article...
Rcm on rent(15) Charge sheet under section 132.(15) Gst on supervision charges(15) Itc reversal on fixed assets written off in the books(15) Amnesty scheme, 2024(14) Go to Forum Forum - Recent Replied Issues Applicability of payment of bonus act, 1965... (1) ...