Raksha Parikh
No refund of Accumulated ITC in case of Builder GST Notification issued for No refund of Accumulated ITC in case of Builder. Government has amend the Notification No 15/2017 -Central tax (Rate) dated 28-06-2017 which is effective from 20-10-2023. In simple words the government saying that if you are in the business of constructing and … Read more
Forward Charge for Indian Railways starting from 20-10-2023 Government has issued the Notification No 14/2023 for Forward Charge for Indian Railways starting from 20-10-2023. To cover the supply from Indian railway under the Forward Charge mechanism, the Government has amend the Notification no 13/2017-Central Tax (Rate) dated 28-06-2017. RCM is applicable on the service provided … Read more
Summary of Notification No 13/2023 Changes in Exemption of Services Notification No 13/2023 has been issued to make the changes in exemption service through the amendment in Notification No 12/2017. Government has inserted the service provided by the govermental authority by way of 1.Water supply 2.Public Health 3. Sanitation Conservancy 4.Solid Waste Management 5.SlumImprovement/Upgradation in … Read more
Summary of Restriction on ITC for Passenger Transportation GST Notification No 12/2023-CTR has been issued for Restriction on ITC for Passenger Transportation and Motor Vehicle Renting Service. In case of Transportation of Passenger and rental service of Transport vehicle with operators covered under the Heading No 9964 and 9966, supplier of Input service in the … Read more
GST Collection October 2023 Crosses Rs. 1.72 Lakh Crore is second highest ever. GST Collection October 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection October 2022 GST Revenue Collection Amount₹ Gross … Read more
This articles covers the latest gst updates summary October 2023. It contains all the Notifications and Circulars issued in October 2023 which covers all GST Updates in October 2023. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of … Read more
Government has issued GST advisory on Person supplying of online money gaming services or OIDAR service or Both– Form GST REG-10 and Form GSTR-5A on 17-10-2023. General: In terms of the recent amendments made in the CGST/SGST Act, the IGST Act and the CGST/SGST Rules, any person located outside taxable territory making supply of online … Read more
Government has issued Enrolment Facility for supply of goods through e-commerce operators by GST un-registered suppliers through GST Advisory on 12th October 2023. 1.In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the … Read more
Government has issued Facility for the e-commerce operators through whom unregistered suppliers of goods can supply goods through GST Advisory on 12th October 2023. GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers. The APIs are for … Read more
This article covers all recommendations of the 52nd GST Council Meeting 2023, held on October 7, 2023, in New Delhi. The GST Council Meeting has met 52 times since its constitution, and many important decisions were taken in this 52nd GST Council meeting. The last GST council meeting was held in New Delhi on August … Read more