Recommendations of 53rd GST Council Meeting
GST Council recommends waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not involving fraud, suppression or wilful misstatement, etc.) for…
GST Council may review online gaming tax, bring gas & ATF under the net
The Goods and Services Tax (GST) Council will meet here on June 22, with a packed agenda, including proposals to bring natural gas and aviation turbine fuel (ATF) under the…
CBIC reduces E-invoicing limit 5 cr from existing limit of 10 cr w.e.f. August 01, 2023
The CBIC issued Notification No. 10/2023–Central Tax dated May 10, 2023 to amend Notification No. 13/2020 – Central Tax, dated March 21, 2020 with effect from the 1st day of…
Important Advisory: Time limit for Reporting Invoices on the IRP Portal
Dear Taxpayers, Thank You,Team GSTN
INPUT TAX CREDIT AND ITS AMENDMENTS
What is input tax credit? It means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance…
AMENDMENTS IN SECTION-22 & 24
23. Persons not liable for registration: Notwithstanding anything to the contrary contained in sub-section (1) of section 22 or section 24,–Section 23 of the CGST Act 2017, is all about…
Filing of manual Appeal Applications before 1st Appellate Authority
The Commissionerate of CT & GST, Finance Department, Government of Odisha has issued Notification No. CCT-PEI-POL-0155-2021-4450/CT&GST dated March 10, 2023 regarding the Filing of manual Appeal Applications before 1st Appellate…
Amendment of Section 10
Section 10- This Section provides for a registered person to opt for payment of taxes under a scheme of composition, the conditions attached thereto and the persons who are entitled,…
CBIC reduces Mandatory E-Invoice for Businesses having Rs. 20 Cr Turnover to Rs. 10 Cr
Till, in March, the Board had enabled the facility to Registration and Login for Taxpayers with Turnover Rs. 20 to 50 crores and notified the reduction in the Applicability of…
Breaking: Supreme Court directs to Open GST portal for claiming Transitional Credit for two months
FOR GST TAX PAYERS the Supreme Court has directed to open the GST system enabling to claim transitional credit for 60 days from 01.09.2022 till 30.10.2022. Earlier, various High Courts…