GST Advisory on Table 12 of GSTR-1/1A CBIC has come out with GST Advisory on Table 12 of GSTR-1/1A. The GST Portal is rolling out Phase III changes for Table 12 of GSTR-1 & 1A from February 2025 return period. Dropdown for HSN Codes: Instead of typing HSN Codes manually, you will now select the … Read more
Notification No 07/2025-CTR The Central Government has issued Notification No 07/2025-CTR to amend the Notification No 13/2017-CTR dated 28-06-2017 related to transactions on which RCM will be applicable. The Changes are as under: Sponsorship services provided by body corporate now covered under forward charge mechanism, it replaced the earlier applicability of reverse charge mechanism on … Read more
Notification No 06/2025-CTR CBIC Notification No 06/2025-CTR dated 16-01-2025 based on the recommendations of the 55th GST Council Meeting has amend the Notification No 12/2024-CTR dated 28-06-2017. The changes are as under: The word Transmission and distribution used in serial no 25A are replaced with word Transmission or distribution. it means the supply of service … Read more
Notification No 08/2025-CTR The CBIC has issued Notification No 08/2025-CTR to amend the Notification no 17/2017-CTR dated 28-06-2017. The Notification No 17/2017-CTR stands for the intra state supplies on which the tax is borne by electronic commerce operators. As the Government has amended the definition of Specified Premises, the reference to specified premises in various … Read more
Notification No 05/2025-CTR The Notification No 05/2025-CTR issued to make the amendment in Definition of Specified Premises. By virtue of this notification, the term Declared Tariff will no longer be used as this word has been omitted from 01-04-2025 from the Notification No 11/2017 -Central tax (Rate) -dated 28-06-2017. The government has omitted Clause (xxxv) … Read more
Notification No 04/2025-CTR The Government has issued Notification No 02/2025-CTR dated 16-01-2025 for Increasing rate on Margin for sale of old and used vehicle including EVs except for the vehicles that are already taxed @ 18%. Earlier GST rate of 18% on margin for following sale of old and used vehicles. Type of Vehicle Engine Capacity … Read more
Notification No 03/2025-CTR The Government has issued Notification No 03/2025-CTR with reference to Notification no 39/2017-CTR dated 18-10-2017. The Notification No 39/2017-CTR is related to 2.5 % rate applicable on Intra state supply of the following Goods : (a) Food products which are packed in individual containers and are meant to be freely distributed to … Read more
Notification No 02/2025-CTR The Government has issued Notification No 02/2025-CTR dated 16-01-2025. This Notification are effective immediately from the date this notification was issued. it means it is effective from 16-01-2025. On the Recommendation of 55th GST Council Government has decided to amend the Notification No 02/2017 -Central Tax (Rate) with following Changes. 1.Granting Exemption … Read more
Notification No 01/2025-CTR The Government has issued Notification No 01/2025-CTR dated 16-01-2025. This Notification are effective immidiately from the date this notification was issued. it means it is effective from 16-01-2025. On the Recommendation of 55th GST Council Government has decided to amend the Notification No 01/2017 -Central Tax (Rate) with following Changes. 1.Reduce GST … Read more
Forms SPL 01 and SPL 02 is now available on GST Portal CBIC has issued GST Advisory to inform that Forms SPL 01 and SPL 02 is now available on GST Portal. This advisory is in reference to the earlier advisory issued on 29-12-2024. For waiver of Interest and penalty under section 128A, Forms SPL … Read more