Category: GST
Single Click Nil Filing of GSTR-1 Return – Guide In order to further simplify the return filing experience a single click NIL filing of GSTR-1 has been introduced on GST Portal. Taxpayers can now file NIL GSTR-1 return by simply ticking the check box File NIL GSTR-1available at …
GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law CBIC has issued Circular No. 178/10/2022-GST dated 3rd August 2022 clarifying GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other …
CBIC issues clarification on GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting CBIC has issued Circular No. 179/11/2022-GST dated 3rd August 2022 giving Clarification regarding GST rates & classification (goods) based on the recommendations of the GST …
CBIC Clarifications on applicable GST rates & exemptions on certain services CBIC has issued Circular No. 177/09/2022-TRU dated 3rd August 2022 issuing Clarifications regarding applicable GST rates & exemptions on certain services. The CBIC had received representations seeking clarification several issues: Accordingly, clarifications has been issued on …
Notification issued to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022 MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 17/2022–Central Tax New Delhi, the 1st August, 2022 G.S.R…..(E).–In exercise of the powers …
Revised and up-to-date list of services covered under GST RCM as on 25.12.2023. Categories of supply of services where GST is to be paid on reverse charge basis Up-to-date list of services covered under GST reverse Charge Mechanism (RCM) There are two type of reverse charge scenarios provided …
Ten FAQs on GST applicability on ‘pre-packaged and labelled’ goods Revised GST rates as per the recommendations made by the GST Council in its 47th meeting have come into effect from the 18th of July, 2022. One such change is moving from imposition of GST on specified goods …
GST Notifications to give effect to decisions of 47th GST Council CBIC issues GST Notifications to give effect to decisions of 47th GST Council Central Tax – Rates 11/2022-Central Tax (Rate) 13-Jul-2022 Rescinds notification No. 45/2017- Central Tax (Rate) 10/2022-Central Tax (Rate) 13-Jul-2022 Seeks to amend notification No. …
Negative balance in cash ledgers of some composition taxpayers to be nullified GSTN has issued an advisory on negative balance in cash ledgers of some composition taxpayers. According to it, due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the …
CBIC has issued GST Notifications as per the recommendations of the 47th meeting of the GST Council Sl Subject Notification No. 1. Provisions of clause (c) of section 110 and section 111 of the Finance Act, 2022 related to payment of interest on wrong utilisation of input tax …
