Notification No 09/2025 CGST Amendment Rules applicability Notification No 09/2025 CGST Amendment Rules applicability issued on 11-02-2024.The Central Government has issued this notification using the power under section 164 of the CGST Act,2017 and Rule 1(1) of CGST(Amendment) Rules, 2024. This notification was originally published as Notification No 12/2024-Central Tax, dated 10-07-2024. As per Notification … Read more
GST Registration Process Under Rule 8 of CGST Rules 2017. GST Advisory has been issued for GST Registration Process Under Rule 8 of CGST Rules 2017. If you are applying for GST Registration, you must follow new rules for verification. These depend on whether you choose Aadhaar authentication or not. If you choose not to … Read more
Procedure for handling appeal for section 128A GST Instruction No 02/2025 has issued for procedure for handling appeal for Section 128A . Section 128A of CGST Act,2017, allows taxpayer to get waiver of interest, penalty or both for tax demands issued under section 73 for the FY 2017-18 to 2019-20. However, this waiver is subject … Read more
Summary of Biometric Aadhaar Authentication in Maharashtra and Lakshadweep. GST Advisory has been issued for Biometric Aadhaar Authentication in Maharashtra and Lakshadweep which has been rolled out on 08-02-2025.The new facility has been provided for booking an appointment to visit a GST Suvidha Kendra (GSK) for Biometric-based aadhaar authentication and physical verification of documents. KeyPoints of … Read more
E-way Bill requirement for Goods under chapter 71 GST Advisory has been issued for E-way Bill requirement for Goods under chapter 71. Summary of the advisory are as under: As per Rule 138(14) of CGST Rules, 2017, goods classified under chapter 71 (like gold, silver, diamonds and other precious metals and stones) do not require … Read more
GST Updates January 2025 Extension of E-way Bill Expired on 31-12-2024. Due to technical glitch encountered in the e-way bill generation has been resolved now on the portal and working smoothly. The Following measures have been put in place for technical issues faced earlier. Extension of Expired E-Way Bills: (a) As per the existing procedure, … Read more
GST Highlights of Budget 2025 This article covers GST Highlights of Budget 2025 detailing proposed amedments to GST Act applicable at mentioned date or at date of enactment. Highlights are as under: Proposed amendment in the Definitions under CGST Act 2017. The provision for determining the time of supply for vouchers is being omitted. ITC … Read more
GST Revenue Collection January 2025 The Purpose of this Article is to present Comprehensive data on GST Revenue Collection in January 2025. It Covers Key aspects such as Gross Domestic Revenue collection, Gross Import Revenue, Domestic Refund , Import Refund, Net Customs Revenue and Total Net GST Revenue for the Month of January-2025. Additionally, this … Read more
Clarification on Late fee for Delay in filing Form GSTR-9C Government has issued Clarification on Late fee for Delay in filing Form GSTR-9C . Many Taxpayers have asked whether they need to pay late fee if they file the reconciliation statement in Form GSTR-9C after the due date of annual return (GSTR-9). To clarify the … Read more
Certain Clarification on applicability of GST on certain services 1. GST Not applicable on Penal Charges levied by Banks and NBFCs. As per the 55th GST Council ‘s recommendation, no GST is payable on penal charges imposed by banks and NBFCs for loan non compliance under RBI’s 18-08-2023 guidelines. 2. GST Exemption for Payment Aggregator … Read more