In GST looking to complexity, ambiguity, technical problems in portals, different of opinions between GST Officers and tax payers, huge notifications, frequent amendments in GST law, next coming years the court will be over burdened with huge GST Appeals. Today already there are huge pending appeals in various courts for old tax regimes like service, … Read more
GST on hostel accommodation services have undergone some changes from July,2022. Withdrawal of gst exemption in accommodation under gst is going going to take effect from 18.07.2022. If accommodation charges in hotels, , inn, guest house, club or campsite is up to Rs 1000 per day, then it is exempt till 17.07.2022. But w.e.f. 18.07.2022 … Read more
Gst rate changes from 18 july 2022. There are huge changes in GST Rates for goods. In majority cases Un branded products also now shifted from exemption to taxable goods. (5% GST now in most cases) Such products remain exempt if they are un branded and not in pre-packaging condition at the time of sale. … Read more
Transportation plays the most important role in the economy of India as it connects all the businesses concerned with goods. Any changes or problems in transportation sections always affects the the entire business channel. Goods transportation is done by road, by rail, by vessels and by air. Here we are going to discuss about changes … Read more
This article covers complete information about works contract along with works contract hsn code and gst rate. In works contract services, total three types of Works Contract GST rates on works contract services. That is 18% GST, 12% GST and 5% GST. Let me clear here, hsn code will be always 9954 for works contract … Read more
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
The CBIC notified the reduction in the applicability of GST E-invoicing threshold from 10 Crores to Rs 5 Crores with effect from 1st August, 2023. E-Invoicing will be mandatory for registered persons whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds five crore rupees in respect of supply of goods or services … Read more