Summary of Notification No 19/2024 Notification No 19/2024 states that, from 01-04-2025, the authority under section 171(2) will not accept any request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods … Read more
Summary of Notification No 18/2024 Notification No 18/2024 Provides that from 01-10-2024, the matters related to anti-profiteering will be examined and adjudicated by the Principal Bench of the GST Appellate Tribunal (GSTAT). Additionally, the government is given the power to notify other types of cases that will be heard exclusively by the Principal Bench of … Read more
Summary of Restoration of GST Returns data on Portal GST Advisory on Restoration of GST Returns data on Portal has been issued on 29-09-2024. The Government has advised that return data on the common portal will be archived after 7 years, as part of their data archival policy. This archiving happens every month. For example, … Read more
Summary of the Notification No 17/2024 Notification No 17/2024 specifies the applicability of the sections that are either newly inserted or amended as proposed in Finance (No.2) Act 2024. The Government has specified the dates on which the provisions of these sections,proposed in Finance (No.2) Act 2024, will come in to effect. Section of Finance (No. … Read more