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On August 29, 2024, the Tamil Nadu GST Department issued Circular No. 08/2024 furnishing the essential norms for the adjudication proceedings under the Goods and Services Tax (GST) along with the drafting of the GST notices, orders, personal hearing, etc. It said that the qualities and contents required for the order, the notices, and the […]
The 54th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and attended by state finance ministers and tax officials, concluded with several key recommendations. Additionally, the GST rate on small digital transactions (PAs) is to be discussed at the next meeting. Additionally, the current 18 per cent GST rate on life and health […]
The blog discusses the way the new GST registration regulations affect startups, emphasizing the benefits along with the hardships. Goods and Services Tax (GST) execution was an influential event in the economic history of India. Specifically for startups the GST has facilitated the business operation by conducting a complex network of indirect taxes into a […]
A proposal that levies an 18% on the payment aggregators (PAs) to streamline specific small-value digital transactions might be considered by the Goods and Services Tax (GST) Council. The same proposal comprises of charging PAs 18% GST for processing transactions up to INR 2,000 made via debit and credit cards. Under the report, a final […]
The West Bengal Bench of Authority for Advance Ruling (AAR), GST cannot be imposed on Comprehensive Water Supply Planning Services. In this case, the petitioner is Shyama Chatterjee, who has the business under the name Setech India. The petitioner had been granted contracts from various local bodies/municipalities to conduct design, surveys, estimate, sketch, and prepare […]
The Calcutta HC for a case asked to extend the advantage on the rectified GSTR 9. It was discovered that GSTR 9 did not permit an allegation of filing an incorrect export invoice and asked to extend the advantage on rectified GSTR 9. Advocate Mr Chakrabarty emerged on behalf of Agnus Exim Private Limited. The […]
An advisory has been issued by the Government of India for the recent amendment under Notification No. 12/2024 Central Tax, dated 10th July 2024, that lessens the threshold limit for the reporting of inter-state taxable outward supplies to unregistered dealers. From Rs 2.5 lakh to Rs 1 lakh the limit to report the invoice-wise information […]
The council that suggests the GST rates may suggest a lower levy on health and life insurance policies with annual premiums up to Rs 50,000 to lessen the cost for lower and middle-income groups. The fitment committee might suggest placing a cap on the maximum amount assured to lower the GST levy or a combination […]
The Madras High Court in a ruling condoned the delay in GSTR-3B filing via the applicant, directing the amendment to section 62(2) of the Goods and Services Tax (GST) Act. Therefore the issued assessment order u/s 62(1) has been withdrawn by the court. The applicant, Helmet House filed the GSTR-1 return dated 25th March 2023, […]
