CA Bhavesh Jhalawadia
From 05.07.2022, it will be now possible to transfer amount from one Electronic Cash Ledger to another Electronic Cash Ledger between the distinct persons Now question is what is meaning of distinct person? Where more than one registration under GST has been taken in single pan, then each such person shall be treated as distinct … Read more
There are latest gst notifications 2022 issued in July-2022 and certain changes in gst have been made. Notification No 09/2022, 10/2022, 11/2022, 12/2022, 13/2022 and 14/2022 of Central Tax have been issued on 05/07/2022. All these notifications are taking place from 05.07.2022. In this article the changes in GST by these notifications have been presented … Read more
GST Council has met 47 times since its constitution and many important decisions taken in the GST Council meeting. Last GST council meeting held in Chandigarh on 28th June and 29th June. In this 47th GST Council meeting, GST rates for many goods and services have been increased and many clarifications of certain issued made. … Read more
Introduction GST budget 2022-23. The finance bill 2022 was presented in Lok Shabha on 1/02/2022by Honorable Finance Minster Nirmala Sitharaman In GST, many changes have been proposed like changes in ITC provisions, extension of time limit for issuance of credit notes, changes in furnishing details of outward supply, changes in interest provisions and any other … Read more
Small Introduction The scope of self-assessment tax has been widened by recent amendment in GST. As per the changes in the GST law effective January 1, GST officers have been allowed to directly initiate recovery action against those errant businesses which showed higher sales in monthly return GSTR-1 but under-report it while tax payment in … Read more