- 09 Dec 2023 05:52 PM
- CA HARSHIL SHETH
2 Recent Dangerous Changes In GST- Rule 88C And Rule 88D
Source: https://taxguru.in/goods-and-service-tax/2-dangerous-gst-rule-88c-rule-88d.html
Introduction: The Goods and Services Tax (GST) landscape has witnessed two significant and potentially hazardous amendments in the form of Rule 88C and Rule 88D. These alterations specifically target discrepancies in GSTR-1 vs 3B and GSTR-2B ITC vs 3B ITC, respectively. In this article, we delve into the intricacies of these changes, understanding their implications and guiding taxpayers on the necessary actions to ensure compliance.
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- 09 Dec 2023 05:55 PM
- Dhananjay Kumar
Finance Ministry Imposes 18% GST on Corporate Guarantees: Key Changes
Source: https://taxguru.in/goods-and-service-tax/18-percent-gst-corporate-guarantees-key-changes.html
Introduction: In a significant development, the Finance Ministry has notified an 18% GST on corporate guarantees provided by parent companies to subsidiaries for bank loans. This move, in line with GST Council recommendations, introduces changes through the insertion of a new sub-rule (2) in Rule 28 of the CGST Rules, 2017.
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- 08 Dec 2023 06:09 PM
- Dr. Sanjiv Agarwal
Latest GSTN Advisories: ITC Compliance, Rule 37(A) Reversal, Biometric Authentication
In its continuous efforts to enhance the efficiency and functionality of the Goods and Services Tax (GST) system, the GST Network (GSTN) regularly issues advisories to inform taxpayers about new features and updates on the common GST portal. The period between November and December 2023 has seen a flurry of such advisories, each addressing specific compliances and introducing innovative solutions for taxpayers.
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- 08 Dec 2023 05:48 PM
- CA VIKRAM TONGYA
Mastering E-Way Bill: Understanding, Generation, and Compliance
E-way bill क्या है?
E-way bill एक ऐसा document है, जिसमे movement of goods की intimation होती है. Supplier goods की movement के पहले, सरकार को E-way bill के रूप में goods के movement की intimation देता है. E-way bill को transporter के द्वारा movement of goods के दौरान carry किया जाता है.
- 08 Dec 2023 05:54 PM
- Bimal Jain
Central AC, Lift, Electrical Fittings Deemed Immovable Property
Central AC Plant, Lift, Electrical Fittings, etc., were categorized as immovable property, ineligible for GST ITC
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- 08 Dec 2023 05:51 PM
- Dhairya Keshri
How to handle ASMT-10 Notices?
Source: https://taxguru.in/goods-and-service-tax/handle-asmt-10-notices.html
After few years from the implementation of GST Act, 2017, most of the businesses are receiving the GST notices from the department citing various reasons viz. mismatch in GSTR-2A vs Input Tax Credit as availed in GSTR-3B, non-filing of Annual Return, differences in liability as declared in Form GSTR-3B vs as appearing in Form GSTR-1.
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- 08 Dec 2023 05:58 PM
- prem kumar vannela
Blocked Credits in Real Estate Construction: ITC Implications
In the realm of real estate construction, the utilization of Input Tax Credit (ITC) is a critical aspect that can significantly impact businesses. This article delves into the complexities surrounding blocked credits for a real estate and infrastructure company.
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- 07 Dec 2023 06:35 PM
- Bimal Jain
Assessee Entitled to GST Refund Interest After 60 Days: Delhi HC
Assessee entitled to interest on GST Refund from the date of expiry of 60 days of the application filed pursuant to refund claim attaining finality: Delhi HC
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- 07 Dec 2023 06:30 PM
- SANJAY SHARMA
जीएसटी के पोर्टल में महत्वपूर्ण परिवर्तन के संबंध में
Source: https://taxguru.in/goods-and-service-tax/regarding-important-changes-gst-portal.html
जीएसटी पोर्टल में नए बदलाव: वार्षिक रिटर्न, प्रमाणीकरण, ई-इनवॉयसिंग, और अधिक की नवीनतम अपडेट
ह कि वस्तु एवं सेवा कर अधिनियम 2017 के अंतर्गत जीएसटी विभाग द्वारा दिन प्रतिदिन परिवर्तन किए जा रहे हैं। यदि हम इसे वस्तु एव सेवा कर अधिनियम ना कहे इस परिवर्तन अधिनियम कहें तो ज्यादा अच्छा होगा ।जैसे ही हाल में कुछ और परिवर्तन मिल रहे हैं जैसे 1. यह कि सप्लायर द्वारा जीएसटी R1/IFF के आधार पर टेबल 8 में दिनांक 30 नवंबर 2023 तक का डाटा अपलोड हो गया है ।जो एनुअल रिटर्न जीएसटी 9 के लिए तैयार है।
- 05 Dec 2023 05:50 PM
- CA RAJENDER ARORA
GST Implications on Section 194R Transactions: Analysis & Benefits
From 1st July 2022, A new section in Income tax act was inserted under TDS provisions- “Deduction of tax on benefit or perquisite in respect of business or profession.” Under this section TDS is required to be deducted on benefits given by one person to another in kind, without consideration. We shall not elaborate income tax provisions any further but to discuss the GST implication over this particular transaction from all angles and dimensions.
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