GST Instruction No 05/2023 dated 13-12-2023 has been issued in the reference of supreme court judgement namely M/s Northern Operating Systems Pvt Limited dated 19-05-2022 Civil appeal no.2289-2293 of 2021 on the issue of nature of secondment of employees by overseas entities to Indian firm and its service tax implications as well as GST implications … Read more
GST Collection February 2024 records Year-on-Year (Y-o-Y) growth of 12.5%. Here the GST revenue Collection 2024 is compared with the same month of last year. That means, it is compared with GST Collection February 2023. GST Revenue Collection Amount₹ Gross GST Revenue Collection February 2024 1,68,337 Crore Gross GST Revenue Collection February 2023 1,49,577 Crore … Read more
CBIC has issued GST Advisory on Delay in registration process despite successful Aadhar authentication under Rule 8 and 9 of CGST Rules,2017. In accordance with Rule 9 of the Central Goods and Services Tax (CGST) Rules, 2017, pertaining to the verification and approval of registration applications, following is informed: Where a person has undergone Aadhaar … Read more
This articles covers the latest gst updates summary February 2024. It contains all the Notifications and Circulars issued in February 2024 which covers all GST Updates February 2024. 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 each … Read more
Government has issued GST Advisory on Launching of Revamped e-invoice master information portal by Enhanced https://einvoice.gst.gov.in portal dated on 21-02-2024. GSTN on occasion of one year of the successful going live with the additional five new IRP portals, the e-invoice master information portal, and the e-invoice QR Code Verifier app, announces the launch of the … Read more
GSTN has issued GST updates for Composition Taxpayers stating that taxpayers can opt for the Composition Scheme for the F.Y.2024-25 by navigating to Services > Registration > Application to opt for Composition Levy & File Form CMP-02. The GST Portal will remain open for this purpose untill 31.03.2024. Read Similar article
Summary of Extension of Territorial Jurisdiction of Principal Commissioner GST Notification No 05/2024 dated 30-01-2024 has been issued for Extension of Territorial Jurisdiction of Principal Commissioner or Commissioner of Central Taxes by amending the Notification No 02/2017 dated 19-06-2017. The Government has extended the territorial jurisdiction of Principal Commissioner/ Commissioner of Central taxes of Pune-II … Read more
Summary of Changes in Special Procedure Notifications GST Notification No 03/2024 & 04/2024 related to Changes in Special Procedure Notifications. The Government has specified the special procedure to be followed by registered person engaged in manufacturing of goods specified in schedule of notification No 30/2023 dated 31-07-2023. Now the Government has issued Notification No 03/2024 … Read more
Summary of Extension of Due date for GSTR-3B & Annual Return Two Notifications has been issued for Extension of Due date for GSTR-3B & Annual Return. Notification No 01/2024-CT issued for extension of due date of GSTR-3B for the month of November-2023 and Notification No 02/2024-CT has been issued for extension of due date for … Read more
Government has issued GST Advisory on furnishing bank account details under rule 10A of CGST Act,2017 on 23-01-2024. it is as follow. Mandatory Bank Account Details Submission as per law: All Registered Taxpayers are required under the provisions of CGST Act, 2017 and the corresponding Rules framed thereunder, to furnish details of their bank account/s … Read more