Summary of the GST Exemption list on certain services as per Notification No 04/2024 Certain changes have been made by the government in GST Exemption list on certain services as per Notification No 04/2024 with effect from 15-07-2024. Major Points of the Notification No.04/2024-Central tax (Rate) & Integrated Tax (Rate) regarding exemption services under gst … Read more
Summary of the Guidelines for Recovery of Dues and Pre-deposit adjustment by Circular No 224/18/2024 Government has issued Guidelines for Recovery of Dues and Pre-deposit adjustment by Circular No 224/18/2024. Commercial sector and Fileld offices has raised issues regarding the process of collecting unpaid taxes in case when first appellate authority has confirmed the demand … Read more
Summary of the GST Instruction No.03/2024 related to Guidelines for handling Multiple Interpretations during CGST Audit and investigation. Earlier Board has issued Guidelines to make it easier for regular taxpayer to do business while they are under investigation through instruction No.01/2023-24-GST dated on 30-03-2024. The aim of the guidelines is to ensure smooth investigation process … Read more
The goal of this article is to cover all GST Instructions 2024. All GST Instructions issued in the year 2024 have been covered in this article.In addition GST Instructions 2024 latest pdf download facility has been provided in this article. Means PDF of GST Instructions 2024 have been provided in front of each notification details. … Read more
Summary of the GST Instruction on Fake Registration – Guidelines for second special all india drive against fake registration: On Aug 12, 2024 – The Government issued GST Instruction on Fake Registration comprising Guidelines for second special all-India drive against fake registration. The Government issued original nationwide guidelines on 04-05-2023 to identify and verify fake … Read more
Summary of GST Notification No 16/2024 – CT dated 06-08-2024: This Notification GST No 16/2024-CT dated 06-08-2024 provides updates related to Input service distributors and the Penalty under section 122A for non-registration of Machines under the special procedure for tobacco manufacturers. The Changes regarding input service distributors are outlined in sections 11 and 12 of … Read more
Summary of Rate of TCS under GST for E-commerce operator reduced to 0.5%: With effect from 10-07-2024 ,the GST Council has decided to reduced rate of TCS under GST from 1% (0.5% CGST+0.5% SGST/UTGST, or 1% IGST) to 0.5% (0.25% CGST & 0.25% SGST/UTGST, or 0.5% IGST) as per Notification No.15/2024 dated 10-07-2024.Additionally,some taxpayers have … Read more
Summary of the GST Advisory on aadhaar authentication and document verification for registration in Jammu kashmir and west bengal. Government has issued GST Advisory on aadhaar authentiacation and document verification for GST Registation applicants of Jammu and Kashmir and west bengal on 02-08-2024. A new functionality for GST Registration process regarding biometric based aadhar authentication … Read more
Introduction of GST Budget 2024 This article contains all the recent amendments proposed in Finance Bill 2024.Clauses 110 to 153 of this Finance Bill represents gst changes in Budget 2024. All the clauses will come into force on enactment of finance bill in parliament. This article has been prepared topic wise with our detailed analysis … Read more
Government has issued New GST Advisory on GST Refund of tax paid on Inward supply of goods by Canteen Store Department (FORM GST RFD 10A). In reference to Circular No. 227/21/2024-GST issued by GST policy wing, CBIC on 11th July, 2024 for online processing of refund applications filed by Canteen Stores Department (CSD), GSTN has developed an … Read more