Summary of Introduction of Phase III for Table 12 of GSTR-1 & GSTR-1A GST Advisory has been issued for Introduction of Phase III for Table 12 of GSTR-1 & GSTR-1A.This Advisory has main 4 Points which is required to be noted. on successful implementation of Phase -I and Phase II regarding Table 12 of GSTR-1 … Read more
Summary of Biometric Aadhaar Authentication in Rajasthan GST Advisory has been issued for Biometric Aadhaar Authentication in Rajasthan which has been rolled out on 07-01-2025.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 GST Advisory: Rule 8 … Read more
Steps to file Application for rectification of Orders The CBIC has issued Steps to file Application for rectification of Orders under section 73 & 74. Earlier Notification No 22/2024 dated 08-10-2024 issued for correcting past GST Demand orders related to wrongly claimed Input tax credit. This Notification was issued for the cases where the ITC … Read more
Clarification on GST Treatment of Vouchers GST Circular has been issued for Clarification on GST Treatment of Vouchers. The GST Council proposal on Voucher: Vouchers are not taxable as it is not considered as supply of goods or service Selling Voucher directly (Principal to Principal ) does not attract GST Agent distributing vouchers will pay … Read more
Clarification on Place of Supply for Online Service GST Circular No 242/36/2024 has been issued for Clarification on Place of Supply for Online Service.This point was proposed in 55th GST Council Meeting. The proposal states when online service supplying to unregistered person the supplier must mention the customer’s state on the invoice to resolve confusion … Read more
Clarification on ITC availability on Goods delivered under Ex-Works Contract GST Clarification has been issued on Clarification on ITC availability on Goods delivered under Ex-Works Contract.In the GST Council it has been proposed that to clarify the buyer is eligible to claim the Input Tax Credit on goods under Ex-Works Contract, provided all the condition … Read more
Clarification on ITC availed by E-commerce Operator for services u/s 9(5). GST Circular has been issued on ITC availed by E-commerce Operator for services u/s 9(5). This point has been proposed in 55th GST Council Meeting held on 21-12-2024. Proposed Clarification in GST Council Meeting: The GST Council has proposed clarification stating that E-commerce Operator … Read more
GST Revenue Collection December 2024 The Purpose of this Article is to present Comprehensive data on GST Revenue Collection in December 2024. 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 December-2024. Additionally, this … Read more
Summary of Extension of E-way Bill Expired on 31-12-2024 GST Advisory has been issued for 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. … Read more
Summary of Biometric Aadhaar Authentication in Arunachal Pradesh GST Advisory has been issued for Biometric Aadhaar Authentication in Arunachal Pradesh which has been rolled out on 28-12-2024.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 GST Advisory: … Read more