Recently, on June 22, the GST Council held the 53rd GST council meeting, and introduced a conditional waiver of interest and penalties under Section 128A, and reduced pre-deposit amounts for appeals to ease taxpayer compliance. It also extended the GSTR 4 filing deadline and introduced FORM...
The CBIC has issued a new notification requiring taxpayers to reconcile input tax credit (ITC) using GSTR-2B data instead of GSTR-2A in Form GSTR-9. Read PDF 08th October 2024 The CBIC has shared many new central tax notifications related to section 73, GSTR-7, incorrect ITC, etc. Cl...
Section 13 will be effective from October 1, 2024, and Sections 11 and 12 from April 1, 2025. Latest GST News and Updates in August 2024 A comprehensive manual guide has been released for GSTR-1A filing, including essential FAQs to assist taxpayers in the process. The Ministry of Finance...
Such details to be uploaded in the online form for cancellation of registration which is to be filled in services section by logging into GST portal. Reply Bharat April 8, 2018 at 6:34 pm In GSTR 1 Table 12 HSN wise summary, should I give both, interstate as well as Intrastate sell v...
It is important to be aware that the provisions for GST appeals do not cover orders passed under Section 80 of the GST Act. These orders are specifically related to the payment of taxes in instalments and do not involve dispute resolution through appeals. Therefore, if you receive an order ...
with a law as stringent as GST in our nation, this non-compliance will impact your business in a huge way. Just so you do not miss out on the latest GST reforms announced by the government, we have curated a detailed section on theGST payments, penalties for non-compliance, late fees,...
Navigate to the ‘Certificate’ section and initiate the download process. The certificate will be saved on your mobile for viewing/sharing. While mobile apps offer convenience, compatibility, and functionality across devices may vary and pose a challenge. ...
Section 129 of the CGST Act, 2017 says that things that are transported against the law can be held or taken away. The owner of the goods can pay the fine and tax, which is the full amount of tax that should be paid on those 100% goods, to get them back. The owner of the goods...
As introduced under section 149 of G Read More 01 Jan 1970Posted By: E-StartupIndia Reverse Charge under GST Under the reverse charge mechanism, the burden of the tax is the recipient of goods or services or both instead on the supplier. In other words, reverse charge means where the...
The focus of the section was upon the intention of the taxpayer and the “intention” must be that of the actual taxpayer. The majority also considered that s 9-5(1) requires an examination of the purpose of using a car by using ordinary communication directed to “you”. The “you” ...