All GST related updates.
Last month’s GST Council meeting saw various new updates and revisions to the GST statute. In addition to making judgements on GST rates for goods and services, the Council also discussed the taxability of GST on casinos, online gaming, and…
With effect from December 26, 2022, Rule 37A of the CGST Rules 2017 has been added by the CBIC via Notification 26/2022 Central Tax. In the five years after the introduction of GST, several notices have been sent, and beneficiaries…
Nowadays it has turned into a pattern of being social and keeping up with one’s personality on the computerized stage. One of the virtual entertainment model is Youtube, which in the current situation offering parcel of chances to individuals from…
At this point, businesses across the country is skeptical about filing their GSTR-9. The Council is expected to simplify the form. Importantly, the decision to not file GSTR-9 can have many repercussions on the compliance status of businesses. Let us…
The Central Board of Indirect Taxes and Customs (CBIC) has introduced new rule 86B vide notification number 94/2020 dated 22nd December, 2020. Rule 86B is made effective from 1st January 2021. How was ITC utilisation allowed before Rule 86B Input tax…
What is input tax credit? The GST input tax credit is the central tax (CGST), state tax (SGST), integrated tax (IGST), or cess that is paid by a person and has a GST registration on the supply of goods or…
What is GST? GST Registration is obtained under GST Act. GST is an indirect tax that has replaced many other indirect taxes in India, such as excise duty, VAT, and services tax. GST has been in force from 1st July, 2017…
