Gain more insights about the process to apply for refund, the refund rules under GST & scenarios under which refund can be claimed by dealers.
The December 2022 functionalities are related to the claim of a refund, returns, registration, etc. Read PDF 11th January 2023 The GSTN has enabled the new functionality Letter of Undertaking (LUT) for the FY 2023-2024. The DGST KZU will organise the webinar on GST Revocation of ...
Hence, the guarantor is the supplier of the service, the borrower or beneficiary is the recipient of the service, and the lender is actually not a party to the supply, but has a relevance as the rules relate to who the guarantee is given. Hence, importantly, the receiver of the supply ...
GST Circular 27/2024 dated 11-9-2024: Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess. 54th GST Council Meeting...
Under the GST rules, exports are recognised as a zero-rated supply, including shipments to special economic zones (SEZ) units and developers. This means GST will not be levied on the outbound supply of any service of goods – and exporters can claim an input tax credit for the product...
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 ...
Answer: Yes, please refer torule 55 of CGST Rules. Question No. 84: Whether CGST & SGST or IGST is to be paid on freight on RCM basis if goods are received from other states? Answer: IGST. Question No. 85: Any notification for due date of payment under GST?
As per the rules, all the taxpayers will have to file an annual return form with GSTR 9 but now in an addition to the current rule, Section 35 of CGST Act, 2017, all those taxpayers having turnover exceeding 2 crores in a financial year will have to submit audited annual accounts alon...
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The registered taxpayer should generate a challan in Form GST PMT-06 under the rules/act in the prescribed time. The electronic input tax credit ledger is the other name for electronic credit ledger. Interest on a late payment begins to gather the day after the payment is due. It works acc...