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Search results for: CGST

GST Circular No. 234/28/2024 for Flying Training Courses

CBIC Clarifies GST Exemption for DGCA’s Approved Flying Training Courses

It was specified by the Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 234/28/2024-GST dated 11 October 2024 that Goods and Services Tax (GST) is waived on approved flying training courses mandated by the Directorate General of Civil Aviation (DGCA) for the issuance of completion certificates. Various representations for the GST applicability […]

New GST Provision for Metal Scrap Transactions

GST Registration Facility to be Available Soon for Metal Scrap Suppliers via REG-07

On October 13, 2024, the Goods and Services Tax Network ( GSTN ), vide its advisory issued, notified to allow the registration utility in the GST portal for Tax Deduction at Source ( TDS ) u/s 51 of the GST Act for the scrap dealers. GST Notification 25/2024-Central Tax “The government has issued Notification 25/2024-Central […]

CBIC Informs GST ITC Reconciliation From GSTR-2B Instead of GSTR 2A in GSTR 9

GST ITC Reconciliation in GSTR 9 Should be Done Using GSTR 2B, Not GSTR 2A

The assessees earlier were obligated to reconcile the Input tax credit claimed in FORM GSTR-3B with the information shown in FORM GSTR-2A as per sub-rule (4) was inserted into Rule 36 of the Central Goods and Services Rules, 2017 (“the CGST Rules”) w.e.f. October 09, 2019. Also, the same condition emerges as of the obligation […]

GST Notification No. 23/2024 for Central Tax

Central Tax Notification No. 23/2024 for Waiving GST Late Fees for Delayed Filing of GSTR-7

The Central Board of Indirect Taxes and Customs (CBIC) has given relief for taxpayers required to TDS under section 51 of the CGST Act, 2017, and has furnished central tax GST notification No. 23/2024, dated October 8, 2024. The same notification exempted the late fee for the delays in filing FORM GSTR-7 from June 2021 […]

GST Notification No. 22/2024 for Central Tax

Central Tax Notification No. 22/2024 to Rectification on Incorrect GST ITC U/S 16

To facilitate GST compliance the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 22/2024-Central Tax dated October 8, 2024, to report the process of executing the newly inserted sub-sections (5) and (6) in Section 16 of the CGST Act, 2017. The very notification furnishes a process to rectify the orders pertinent […]

Jammu and Kashmir HC's Order in the Case of Hallmark vs. GST Department Assistant Commissioner

J&K HC Voids Deficiency Memo; GST Refund Limitation Commences From Original Application Date, Not Follow-Up

It was held by the Jammu and Kashmir and Ladakh High Court that the time limit for GST refund is to be decided from the date the original application is filed by the taxpayer, and not from the date of the follow-up application. The applicant is a garment manufacturer and is been issued a memo […]

Summary of GST Notification No. 21/2024 on Central Tax

GST Notification No. 21/2024 on the Process for Waiving Penalty and Interest on Tax Demands U/S 73

The Central Board of Indirect Taxes and Customs (CBIC) in relief for the taxpayers facing tax demands from the previous fiscal years has issued GST notification No. 21/2024–Central Tax dated October 8, 2024, specifying the procedure and prerequisites for the exemption of interest, penalty, or both, concerning tax demands u/s 73 of the Central Goods […]

West Bengal GST AAR's Order for Fortune Estates Association of Apartment Owners

WB AAR: Flat Owners Association Can Not Liable for Paying GST on Contributions Below INR 7500

The West Bengal Authority for Advance Ruling (AAR) in a case before it carried that the Residential Welfare Association (RWA) operating within an Apartment facility would not be responsible for paying Goods and Service Tax (GST) when the membership fees charged on their members are less than Rs.7,500 per month Fortune Estates Association of Apartment […]

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