The 8th Amendment of CGST Rules was recently updated by the Central Board of Indirect Taxation and Customs (CBIC) via GST Notification 35/2021 - Central Tax, dated 24-09-2021. The changes were made to update and amend the existing CGST Rules 2017. There are multiple changes to the act. You can read the full article to get the complete details.
Summaries of the latest GST circulars 165 and 166 - November 2021 | Circular 165 offers clarification regarding the applicability of Dynamic QR Code on B2C invoices while 166 offers clarification regarding refund-related issues...
Read the Summary of GST Circular 164. It is all about GST Rates and Classification of Goods/Services | Latest GST Circulars and Notifications
Taxpayers, traders and transporters were facing a lot of issues while generating e-way bills for movement of those goods where their principle supply is classifiable as a service since there is no provision for generating e-way bills by entering SAC (Service Accounting Code-Chapter 99) alone on the E-way Bill Portal. Thus this advisory was released to offer a solution for the same.
The Section 168 of CGST Act 2017 covers all the details for Power to issue instructions or directions GST Act 2017.
What is Sabka Vishwas – Legacy Dispute Resolution Scheme? Sabka Vishwas (LDRS) Scheme, 2019, a dispute resolution and amnesty scheme under GST, shall come into force from September 1, 2019.
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019,(SVLDRS) application has been made available online from 1-9-19.
The annual return is divided into 6 parts, Part I covers basic details while Part II is for outward supplies. Part III is important section covering ITC related reports in Table 6, Table 7 and Table 8.
GSTR 9 Annual Return preparation is round the corner. With due date extended twice from 31st December 2018 to 30th June 2019 and from 30th June 2019 to 31st August 2019, it is expected that this time there won’t be any extensions.
CBIC vide Circular No. 105/24/2019-GST dated June 28, 2019, has clarified that the treatment of tax in cases of secondary discounts or post-sales discount under GST regimes for the purpose of determination of the value of supply.
Although the due date to file the annual return forms has been extended to August 31, 2019, the confusion among the taxpayers is yet to be settled.
The Government has issued various notifications, Order and Circulars for implementing the decisions taken in the 35th meeting of the GST Council.
