Resolve October 2024 TDS Filing Issues for Metal Scrap Traders Government has issued Advisory to Resolve October 2024 TDS Filing Issues for Metal Scrap Traders dated 26-11-2024. From 10-10-2024 Registered dealer puchasing Metal scrap classified under Chapter 72 to 81 of the first schedule to customs Tariff Act,1975 from another registered dealer are required to … Read more
The goal of this article is to cover all recent GST case laws November 2024. All latest high court judgement on gst and all latest supreme court judgments on gst issued in November 2024 have been covered in this article. All latest GST case laws of November 2024 in this article have been classified by … Read more
Summary of Extension of Due date of GSTR-3B of October-2024 The Government has issued Notification No 26/2024 for Extension of Due date of GSTR-3B of October-2024 in the state of Maharastra and Jharkhand. Type of Return Tax Period Due date Extended due date Whose principal place of business in the State of GSTR-3B October-2024 20-11-2024 … Read more
Summary of GSTR-2B and Invoice Management System Government has issued GST Advisory on GSTR-2B and Invoice Management System dated 16-11-2024. This advisory issued as some tax payer finds some difficulties in generation of GSTR-2B and IMS. The Advisory are as under: It has been reported by few taxpayers that their GSTR-2B for October-2024 period has … Read more
Supplier View IMS Invoice Management System (IMS) has been made available on the GST Portal from 14th October, 2024 wherein the recipient taxpayer can accept, reject or keep the invoices pending which are saved/filed by their suppliers in their respective GSTR-1/1A/IFF. This is to further inform you that the first GSTR-2B on the basis of … Read more
IMS During Intial Phase of Its Implementation GST Advisory has been issued for IMS During Intial Phase of Its Implementation on 12-11-2024.Invoice Management System (IMS) is an optional facility introduced from October 2024 on GST Portal, on which the invoices/records saved/furnished by the supplier in GSTR-1/1A/IFF, can be accepted, rejected or kept pending by recipients … Read more
Objective of this Article The Objective of this article is to clarify the concept of Intermediary services , and its definitions and implications under GST,addressing the common ambiguities that business and tax professional faces. This includes explaining the crieteria for determining intermediary services, outlining the tax implications. By providing detailed insights and illustrative examples, the … Read more
Summary of GST Advisory for waiver scheme under section 128A CBIC has issued GST Advisory for waiver scheme under section 128A on 08-11-2024. For reducing the tax disputes and to provide a big relief to the taxpayers, GST Council in its 53rd meeting held on 22nd June, 2024 had recommended for waiver of interest and … Read more
Summary of GST Advisory related to Other Territory applications GST Advisory related to Other Territory applications has been issued by Government for selecting Range and divison for Trade Notice. As per Notification No. 2/2017-Central Tax dated 19th June, 2017 read with Trade Notice No. 01/2017-Central Tax dated 21st June, 2017 issued by Office of the … Read more
Important Reminders for October 2024 GST Return Filing It is Last chance for giving effect of GST Adjustment for FY 2023-24 in October 2024 GST Return. As the deadline for filing October 2024’s GST return (i.e. 20th November’24) approaches, here are a few critical points to consider for ensuring compliance: 1.Reconciliation of Outward Supplies : … Read more