Special Campaign of CBDT in Full Swing

special campaign

Special Campaign 3.0: The Central Board of Direct Taxes (CBDT) has initiated Special Campaign 3.0 dedicated to promoting cleanliness (Swachhata) within various branches of Income Tax Department throughout nation. The campaign kickstarted with a preparatory phase commencing on September 15, …

Read more

Please share

Expected Agenda of 52nd GST Council Meeting Scheduled on 7 Oct: Comprehensive List

gst council

Introduction: 52nd GST Council Meeting The 52nd GST Council meeting is scheduled to take place on October 7, 2023, in New Delhi, with Union Finance Minister, Mrs. Nirmala Sitharaman, serving as the chairperson. This meeting comes about two months after …

Read more

Please share

CBIC Notifies CGST (3rd Amendment) Rules 2023: Foreign OIDAR & Online Gaming Service Providers brought to Tax Net

cbic notification 51/2023

The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No.51/2023 Dated 29 September 2023, notified the Central Goods and Service Tax (Third Amendment) Rules 2023 by bringing amendments in many of the rules under the Central Goods …

Read more

Please share

Applicability of GST Exemption on Charitable Entities Registered Under Section 12AA & 12AB of Income Tax Act

charitable entities

Meaning of Charitable Activity As per the GST Act, Charitable activities includes, (i) Public health by way of care or counselling of terminally ill persons or persons with severe physical or mental disability, persons afflicted with HIV or AIDS, or …

Read more

Please share

Composite Supply & Mixed Supply Under GST Act 2017: A Clear Comprehension

composite supply & mixed supply

Composite Supply and Mixed Supply: In the realm of GST regulations, distinct rates are assigned to various goods and services. However, complexities arise when dealing with bundled supplies that encompass a mix of individual goods and/or services. Determining the precise …

Read more

Please share

Revocation of GST Registration Cancellation: Rule 23 of CGST Rules 2017

revocation of cancellation

Introduction Revocation of GST Registration Cancellation: Any GST registration granted to a person can be cancelled for several reasons. A person registered under GST can apply for the cancellation of their GST registration. This may be done for various reasons, …

Read more

Please share

E-Invoicing Applicability under GST from 1st August 2023- A Comprehensive Guide

e-invoicing applicability

Introduction E-invoicing has become a crucial aspect of GST compliance in India, streamlining the way businesses generate and report invoices. With a recent notification, the new rule for E-invoicing threshold limit of 5 crore came into effect from August 1, …

Read more

Please share

GST on Works Contract 2013- A Comprehensive Guide

GST on Works Contract

GST on Works Contract- A Comprehensive Guide: As per section 2(119) of the CGST Act, 2017, “Works contract” means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any …

Read more

Please share