September 15, 2022
CBIC has issued certain circular under GST law on 6th July 2022 clarification regarding amendments in form GSTR-3B. Article briefly explained step by step changes in form.With regard to the return filing in Form GSTR-3B, the 47th GST Council Meeting recommended the following – In order to streamline the compliances under GST, it was proposed to
August 31, 2022
Lots of recommendations, some in favour of the registered person and some against, were done vide the 47th GST Council Meeting. Two such favourable recommendations with regard to interest on late payment of GST were –It was recommended to notify section 111 of the Finance Act, 2022 at the earliest.Notably, vide section 111, provisions of
August 30, 2022
What is Goods Transport Agency (GTA)Under GST, ‘Goods Transport Agency’ means any person engaged in providing service in relation to transportation of goods by road and also issues a consignment note, by whatever name called. Goods Transport Agency under GST comes with latest amendment are going to discuss in descriptive manner what are they?Following two
August 19, 2022
Input tax credit fraud, which has become a significant problem for the government, will also be easier to spot, thanks to the GST authorities’ improved ability to analyse patterns and the utilisation of ITC across industries. Article briefly focused on e-invoicing new update which will be in effect from 1st October, e Invoice mandatory for
August 17, 2022
We all know that new GST rates 2022 were finalised for goods and services on July 18, 2022. Changes to a note might help you to survive this new GST tax slab. The new goods and services tax (GST) rates are already in force. Following the latest changes, buyers would be required to pay GST on
August 17, 2022
47th GST council meeting was held on 28th June 2022 and 29th June 2022. Lots of amendments are carried out under Goods and Services Tax (GST) post the said GST Council Meeting. One such important amendment is partial withdrawal of exemption on services by way of GST on rent of residential property. It is important to note