GST on Metal Scrap: New Provisions Effective from 10th October 2024 October 22, 2024October 17, 2024by Pooja Gupta Rate this post The GST Council has introduced new provisions regarding the treatment of metal scrap under the Goods and Services Tax (GST), effective 10th October 2024. This change, aimed at streamlining [...]

How to Rectify Wrongly Availed ITC: Step-by-Step Guide from Circular 237/2024 October 17, 2024by Pooja Gupta Rate this post The Circular No. 237/31/2024-GST, dated October 15, 2024, clarifies the provisions related to the implementation of sub-sections (5) and (6) of Section 16 of the CGST Act, 2017. These sub-sections were [...]

Clarification on Section 128A of the CGST Act: Waiver of Interest and Penalty for FY 2017-2020 October 17, 2024by Pooja Gupta Rate this post The Central Board of Indirect Taxes and Customs (CBIC), through Circular No. 238/2024-GST dated 15th October 2024, provided crucial clarifications regarding the application of Section 128A [...]

GSTR-9 form active on GST Portal for FY 2023-24 GSTR-9 Optional & Mandatory Tables for FY 2023-24 October 18, 2024October 17, 2024by Pooja Gupta Rate this post GSTR-9, GST annual Return form for FY 2023-24 is now available on GST portal for filing and its last date is 31st December [...]

All GST Return system Changed : Big Update in GSTR-3B filing, Hard-Locking Begins in January 2025 October 17, 2024October 17, 2024by Pooja Gupta Rate this post Advisory on Hard-Locking of Auto-Populated Values in GSTR-3B Date: October 17, 2024 Subject: Upcoming Restriction on Modifying Auto-Populated Values in GSTR-3B from January 2025 [...]

Invoice Management System (IMS) Now Live: Additional FAQs for Seamless ITC Claims by GST Portal October 18, 2024by Pooja Gupta Rate this post Date: October 17, 2024 Dear Taxpayers, The Invoice Management System (IMS) is now live and available to assist you in managing your invoices and ensuring the correct [...]

GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products October 21, 2024by Pooja Gupta Rate this post The Group of Ministers (GoM) for GST rate rationalisation has decided to lower the tax rates on 20-litre packaged drinking [...]

Major GST Amendments effective from 1 November 2024 October 21, 2024by Pooja Gupta Rate this post Major GST Amendments are notified by Notification No. 17/2024 effective from 1st November 2024 which were announced in 53rd GST council meeting and also introduced by Finance Act No.2 2024 which are now notified [...]

GST Portal update on Registration for TDS deductors under GST of Metal Scrap Dealers October 22, 2024by Pooja Gupta Rate this post Dear Taxpayer, GSTN has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07. This update follows the new GST provisions [...]

Steps to add Bank Details on GST Portal : GST Portal New Advisory to validate bank account details October 22, 2024by Pooja Gupta Rate this post After GST Registration and getting GST number taxpayers have to add mandatory Bank account details on GST portal for which a new advisory is [...]