This Clarification regarding GST rates & classification (goods) is based on the recommendations of the GST Council in its 54th meeting held on 9th September, 2024, at New Delhi. Clarification regarding GST Rates & Classification of certain Goods: Based on …
Clarification on Taxability & Valuation of Corporate Guarantee between Related Parties To clarify the taxability and valuation of corporate guarantee provided between related entities, the GST Council has made significant updates. These updates include the insertion of sub-rule (2) in …
If a taxpayer files an appeal and makes the required pre-deposit under subsection (8) of section 112, recovery of the remaining amount is stayed as per subsection (9) Trade and field formations have expressed concerns about recovery of outstanding dues …
Circular No. 223/17/2024-GST: Amendment in the designation of proper officers for various functions related to Registration and Composition Levy The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 223/17/2024-GST, amending the designation of proper officers for …
Clarification on Time Limits for Input Tax Credit under RCM Supplies from Unregistered Persons- CBIC Circular 211/5/2024-GST Dated 26 June 2024 The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular 211/5/2024-GST to provide clarity regarding the time …
CBIC Circular No. 207/1/2024-GST: Fixing Monetary Limits for Filing Appeals or Applications by the Department before GSTAT, High Courts and Supreme Court Section 120 of the Central Goods and Services Tax Act, 2017 (CGST Act) empowers the Central Board of …
CBIC Circular No. 206/18/2023 Dated. 31 October 2023 CBIC Circular 206/18/2023-GST: Based on the recommendations of the GST Council in its 52nd meeting held on 7 October, 2023, at New Delhi, the Tax Research Unit (TRU) of the Department of …
CBIC Circular 205/17/2023 Dated. 31 October 2023 CBIC Circular 205/17/2023: In its 50th meeting, the GST Council recommended a reduction in the GST rate to 5% for imitation zari thread or yarn, known by various trade names. This important clarification …
CBIC Circular No. 204/16/2023 Dated. 27 October 2023 CBIC Circular 204/16/2023 (GST): The trade and field formations have recently reached out with questions regarding the tax implications of providing personal bank guarantees by Directors to secure credit facilities for their …
CBIC Circular No. 203/15/2023 Dt. 27 October 2023 The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular 203/15/2023 to provide clarity on determining the place of supply for specific services, namely transportation of goods, advertising services, and …
CBIC Circular 202/14/2023 Dt. 27 October 2023 CBIC Circular 202/14/2023: In response to numerous requests for clarification regarding the admissibility of receiving export remittances in INR Vostro accounts, as permitted by the Reserve Bank of India (RBI), in the context …