Select Setoff rules for sales tax hierarchy. Select New. In the Name field, enter a value. Save the record. On the Recoverable FastTab, select the tax components, and then adjust the Priority values. On the Payable FastTab, select the tax components, and then adjust the Priority values....
Read here: GST Changes from January 2023. We have also published 3 more articles about the new GST updates: 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 ...
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...
The debate around levy of GST on corporate guarantee extended without or with inadequate consideration has been settled with the insertion of sub-rule (2) to Rule 28 of the Determination of Value of Supply Rules (“Valuation Rules”), effective from 26th October, 2023. Sub-rule (2) of Rule...
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....
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. ...
Mandatory e-Invoice Implementation: Effective August 1, 2023, for Businesses Exceeding the 5 Cr Turnover Limit Read More→ How to cancel e-invoices in GST? Read More→ How to amend or modify e-invoices? Read More→ e-Invoice Format in GST: Structure, Rules, & Sample Format (2024) ...
Cenvat credit allowed for roadside assistance and demurrage charges; disallowed for market research. Interest and penalty set aside. January 11, 2025 Case Laws Central Excise CESTAT rules Undenatured Ethyl Alcohol non-excisable; no CENVAT credit or refund u/r 6(3) of CENVAT ...
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...
Non-compliance of GST rules & provisions. When an individual does not commence the business within 6 months after taking voluntary GST registration. In such cases, GST officer has the authority to cancel GST registration. How to check GST cancellation?