Summary of Procedure for Rectification of Orders Related to Wrong Availment of ITC GST Notification No 22/2024 issued for Procedure for Rectification of Orders Related to Wrong Availment of ITC dated 08-10-2024. The Government has introduced a special procedure for registered taxpayers who received an order u/s 73,74,107 or 108 of the CGST Act,2017 related to wrongly claiming … Read more
Summary of Waiver of Interest and Penalties for Tax demands under section 128A of CGST Act. Government has issued Notification No 21/2024 -Central Tax to Waiver of Interest and Penalties for Tax demands under section 128A of CGST Act. On the recommendation of the 54th GST Council meeting, a specific date for payment of Tax Liability … Read more
Summary of Notification No 19/2024 Notification No 19/2024 states that, from 01-04-2025, the authority under section 171(2) will not accept any request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods … Read more
Summary of the Notification No 17/2024 Notification No 17/2024 specifies the applicability of the sections that are either newly inserted or amended as proposed in Finance (No.2) Act 2024. The Government has specified the dates on which the provisions of these sections,proposed in Finance (No.2) Act 2024, will come in to effect. Section of Finance (No. … Read more
Summary for Turnover limit to file GSTR-9 for the FY 2023-24- Notification No 14/2024 Government has issued Notification No 14/2024 to inform turnover limit to file GSTR-9 for the FY 2023-24. The GST Council has recommended that the business with an aggregate turnover of up to 2 Crore for the Financial year 2023-24 be exempted … Read more
The goal of this article is to cover all IGST notifications 2024. All IGST Notifications issued in the year 2024 have been covered in this article. notifications on gst issued in the year 2024 have been covered in this article. In addition gst notification 2024 latest pdf download facility has been provided in this article. … Read more
Summary of GST Notification No 16/2024 – CT dated 06-08-2024: This Notification GST No 16/2024-CT dated 06-08-2024 provides updates related to Input service distributors and the Penalty under section 122A for non-registration of Machines under the special procedure for tobacco manufacturers. The Changes regarding input service distributors are outlined in sections 11 and 12 of … Read more
Summary of Amendment in TCS Rate for E-Commerce Operator On Jul 10,2024 – Notification No.15/2024-Central Tax has issued for amendment in TCS Rate for E-Commerce Operator. These will effective from 10-07-2024. Section 52(1) of the CGST Act,2017 states that every electronic commerce operator who is not acting as an agent, must collect a tax @ … Read more
Summary of the Notification No 13/2024 The Government has issued Notification No 13/2024 to cancel the Notification No 27/2022-Central Tax issued on 26-12-2022 related to applicability of Biometric Aadhar authentication process based on the data analysis and risk parameters. This cancellation of the Notification No 27/2022 will be effective from 10-07-2024. Sub rule 4A of … 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