GST Articles

September GST Filing Updates: Important Changes to Note

Chaitra Seetharam 04 September 2024 at 10:56

As per Notification No. 12/2024- Central Tax dated 10 July, 2024 published by the Central Board of Indirect Taxes and Customs (CBIC), major changes in the GST Act will have an impact in the GST returns filing

When to Create a New GST Registration Number for Your Business

Ishita Ramani 04 September 2024 at 08:37

Comprehending the need and timing of obtaining a New GST Registration Number is critical for upholding felony compliance and streamlining business approaches.

GST Taxability of Salvage/Wreck Value in Motor Vehicle Damage Claims

CA Amit Harkhani 03 September 2024 at 14:27

The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the cost of repairs/damages of motor vehicles incurred by the policyholders.

No ITC reversed for the portion of the LIC premium not included in the taxable value, as per Rule 32(4)

CA Amit Harkhani 03 September 2024 at 08:46

Life insurance companies provide services by insuring the life of the insured. In exchange, they charge a premium, which may include components for both risk cover and investment/savings.

The Evolution of Taxation in India: From Ancient Times to GST

akansha Singh 02 September 2024 at 13:59

Over the decades, there has been a significant change in the practice of charging income tax. Let us look into the history of income tax from ancient times.

GST on Passenger Transportation in EVs and Renting of EVs

Shashank Tellakula Anand 31 August 2024 at 08:46

GST on Passenger Transportation in EVs and Renting of EVs Renting v/s Transportation of Passengers:As per Circular No. 177/09/2022-TRU Entry 15:Renting of moto..

Mechanism to compliance of Section 15(3)(b)(ii) of CGST Act, 2017

CA Amit Harkhani 30 August 2024 at 13:25

Here's a simplified explanation of the mechanism for providing evidence of compliance with Section 15(3)(b)(ii) of the CGST Act, 2017 (Circular No. 212/6/2024_26.06.2024).

Impact of New GST Registration Rules on Startups

Ishita Ramani 30 August 2024 at 08:48

This article examines how the new GST registration regulations will affect startups, highlighting the advantages as well as the difficulties.

Introduction of RCM Liability/ ITC statement

Affluence Advisory 30 August 2024 at 08:45

A statement called RCM liability/ ITC statement has been introduced on GST portal.

Potential Changes in GST Slabs: 12% vs 18% GST Slabs

Sachin 28 August 2024 at 08:35

A ministerial group is thoroughly reviewing GST rates in the 12% and 18% brackets. Decisions on potential changes are expected by the end of September.