Summary of ITC Availment for RCM Supplies from Unregistered Persons GST circular has been issued to provide clarification regarding ITC Availment for RCM Supplies from Unregistered Persons.it is related to the availment of ITC by the recipient on the tax paid by him under RCM in respect of supplies received from unregistered persons. Businesses can … Read more
This article covers all New recommendations of the 53rd GST Council Meeting 2024, held on June 22, 2024, in New Delhi. The GST Council Meeting has met 53 times since its constitution, and many important decisions were taken in this 53rd GST Council meeting. The last GST council meeting was held in New Delhi on … Read more
Government has issued New GST Advisory on Filing of information by manufacturers of Pan Masala and Tobacco taxpayers dated 07-06-2024. Please refer to the notification Notification No. 04/2024 – Central Tax dated 05-01-2024 to seek information from taxpayers dealing in the goods mentioned therein. Two forms have been notified vide this notification namely GST SRM-I … Read more
Guidelines for Initiation of Recovery Proceedings Government has issued Guidelines for Initiation of Recovery Proceedings before 3 months from the date of service of demand order.Summary of the Instruction are as under: This Guidelines has been issued by CBIC , GST Policy wing, Government of India dated 30-05-2024. The Guidelines is for Intiating recovery proceedings … Read more
Summary of Notification No 11/2024 Assigning District of Kotputli-Behror to CGST Alwar Commissionerate CBIC has issued Notification No. 11/2024 Assigning the District of Kotputli-Behror to CGST Alwar Commissionerate. The notification No.02/2017- Central tax dated 30-05-2024 entails amendments to Table II, where: (i) In serial number 7, column (3), the words “Neem ka Thana and Jhunjhunu … Read more
GST Collection May 2024 represents 10% year-on -year growth. driven by increase in domestic transactions and slowing imports. Gross GST revenue collection records 11.3% y-o-y growth. Here the GST revenue Collection 2024 is compared with the same month of last year. That means, it is compared with GST Collection May 2023. GST Revenue Collection Amount₹ … Read more
GSTN is pleased to inform that NIC is releasing the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on 1st June 2024. This portal ensures high availability and runs in parallel to the e-way Bill main portal (https://ewaybillgst.gov.in). The e-way bill 2 portal synchronises the e-way bill details with main portal within a few seconds. The highlights of the portal are as follows: … Read more
Government has issued GST Advisory on Information from manufacturers of Pan Masala and Tobacco taxpayers dated 16-05-2024. Government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024. Two forms have been notified vide this notification namely GST SRM-I and GST … Read more
This articles covers gst updates summary April 2024. It contains all the Notifications and Circulars issued in April 2024 which covers all GST Updates summary April 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 topic. … Read more
The goal of this article is to cover all IGST notifications 2024. All IGST(Rate) Notifications issued in the year 2024 have been covered in this article. notifications on gst issued in the 2024 have been covered in this article. In addition gst notification 2024 latest pdf download facility has been provided in this article. Means … Read more