5th Amendment Rules under GST Rule 88C –GSTR 3B vs GSTR 1 Mismatch in Liability ITC is Available even in case of a Mismatch of 2A: GST Circular 183/2022 IRIS GST always manages to keep you updated with the latest developments in GST, e-invoicing and e-way bill domains via our Top ...
It’s been 5 years since GST was introduced and 2022 was the year of ITC (Input Tax Credit). Some major changes such as ITC disclosure in GSTR 3B, stricter rules for GST compliance etc. were brought into effect through the year 2022. There were two GST Council meetings this year and ...
The board has opted the representation upon the problem that carrying a physical copy of the invoice is essential upon the transportation of the goods in the case where the supplier has provided the invoices under GST in the way mentioned beneath rule 48(4) of the CGST Rules, 2017 (i.e....
The central goods and services tax rules, 2017 advisory regarding disclosure of bank account details by registered taxpayers. View More. View More 19th January 2024 The GST department started a new facility in 10 states to make a GST payment via UPI. View more 16th January 2024 GSTN advisory...
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 ...
This rule applies when trading with companies that are registered as GST/HST liable in another EU country/region. If you do business directly with consumers in other EU countries/regions, then you should contact your tax authority for applicable VAT rules. ...
The amount of GST payable is to be calculated by applying the terms of Sub‑div 9-C or, if the supply is a taxable supply of real property, the terms of the special rules in Div 75 (at [26]). Section 75-5(1) applies to work out the amount of GST on “a taxable supply of...
Writ Jurisdiction Not a Shortcut to Bypass Tax Adjudication Process, Rules Court: Judicial Discipline to be followed Decoding the Interplay of Sections 153A and 153C in Search Assessments: Limitation and Reassessment Dynamics Customs Valuation and Classification: Upholding Due Process and Objective Assess...
The Goods and Services Tax (Period of Levy and Collection of Cess) Rules were notified in 2022 by the Finance Ministry. The levy of cess was to end on June 30 but the GST Council, chaired by Union Finance Minister decided to extend it till 2026. What is GST? GST, being a consumption...
If authorities deem the suspension necessary, they must make the order public, clearly outline the reasons, and limit it to a defined geographical area and a set duration that should not last longer than 15 days. Additionally, the rules mandate that law enforcement agencies appoint a nodal ...