Search results
GST council has also recommended to exempt the supply of services made between various zones/ divisions under Ministry of Railways (Indian Railways). Notification No. 04/2024-CT(R) dated 12.07.2024 has been issued in this regard and effective date of implementation of the said notification is 15.07.2024. 2.4 The GST Council in its 53rd meeting ...
Jul 13, 2024 · The CBIC’s Notification No. 02/2024-Integrated Tax (Rate) introduces several beneficial changes to the GST rates on specific goods, effective from July 15th, 2024. These changes reflect the government’s commitment to simplifying the tax structure and reducing the tax burden on essential items.
Jul 12, 2024 · 12 July 2024 The Central Board of Indirect Taxes and Customs (CBIC) issued notifications on 10 July 2024 regarding amendments in compliances, valuation of corporate guarantees, refunds, etc. pursuant to the recommendations of the GST Council. Circulars providing clarity on certain aspects were also issued on 11 July 2024.
Jul 17, 2024 · On GST liability on insurance schemes, CBIC clarified that 'retrocession is reinsurance of reinsurance' and, therefore, eligible for the exemption'. Even in terms of under Sl. no. 36A of the notification no. 12/2017-CTR, 'reinsurance includes retrocession services', it added.
Jul 11, 2024 · Goods and services tax (GST) will be applied to 1 per cent of corporate guarantee fees on an annual basis and become applicable from October 23, 2023, the government has said. ... CBIC notifications use complex language; need simplification, says GTRI. Rich nations failed to meet $100 bn climate finance promise in 2022: Oxfam. Topics : Central Board of Direct Taxes GST.
Jul 17, 2024 · The Central Board of Indirect Taxes and Customs ( CBIC) has exempted Goods and Services Tax (GST) registered small businesses from filing Annual Return ( GSTR-9) for FY 2023-24. A notification issued a few days ago says “In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 ...
Notifications issued to extend the due date of filing FORM GSTR-3B for the month of April, 2022 and to extend the due date of payment of tax, in FORM GST PMT-06, for the month of April, 2022 by taxpayers who are under QRMP scheme.
Jun 19, 2017 · CBIC issued notifications to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022 Clarification on refund related issues Guidelines for verifying the Transitional Credit in light of the order of the Hon’ble Supreme Court in the Union of India vs. Filco Trade Centre Pvt ...
Seeks to amend notification No. 65/2017-Central Tax dated 15.11.2017 in view of bringing into effect the amendments (to align Special Category States with the explanation in section 22 of CGST Act, 2017) in the GST Acts
Subject: Clarification in respect of certain GST related issues - reg. Various representations have been received from taxpayers and other stakeholders seeking clarification in respect of certain issues pertaining to GST laws.
