GST Articles

Understanding the New IMS (Invoice Management System) on GST Portal

Posted by CA Umesh Sharma 19 November 2024 1463 Views

IMS allows recipient taxpayers to take various actions like accept, reject, or keep invoices pending based on the records uploaded by their suppliers in GSTR-1 or IFF. This gives recipients control over their Input Tax Credit (ITC) eligibility before filing GSTR-3B.

Sale of Scrap materials: Applicability of GST and TDS

Posted by CA S K MISHRA 14 November 2024 96507 Views

The term "Scrap" has not been defined any where in the GST Laws. As such one can derive its meaning as per normal business or commerce parlance.

GST Amnesty Scheme 2024: Sec 128A of CGST Act 2017

Posted by CA. Bhavik P. Chudasama 14 November 2024 1927 Views

A Comprehensive Guide to Waiver of Interest and Penalty

GST Compliance Alert: Check and Rectify Past Claims Before November 2024

Posted by Mitali 11 November 2024 2316 Views

GST Returns which are to be filed in November month, those returns are very important as in this month you need to reconcile them thoroughly.

Frequently Asked Questions on DRC-03A

Posted by Mitali 08 November 2024 1157 Views

Form GST DRC 03A has been introduced in the GST portal to adjust payments made through Form GST DRC 03 against any outstanding demand in electronic liability register.

New RCM Time of Supply Rules: A Major Shift Starting November 1, 2024

Posted by Mayank Vashishta 04 November 2024 16584 Views

The Indian GST landscape is undergoing a significant transformation with the introduction of new Reverse Charge Mechanism (RCM) Time of Supply Rules, effective from November 1, 2024. T

GST Raid Checklist: How GST Raids Impact Businesses?

Posted by Sahil Jaiswal 02 November 2024 6693 Views

A GST (Goods and Services Tax) raid is a critical enforcement action taken by tax authorities when they suspect tax evasion, non-compliance, or fraudulent activity related to GST.

Three-Year GST Return filing Limitation Period Starting From 2025

Posted by Mitali 30 October 2024 916 Views

As per the notification, returns which are pending beyond three years could lead to compliance issues.

This Diwali, Celebrate with GST Firecrackers!

Posted by CA Umesh Sharma 29 October 2024 706 Views

Let's discuss some key important GST firecrackers that will help taxpayers in better compliance with GST law.

New Rule 47A - Time limit for Self-Invoice under RCM

Posted by CA. Shivam Agrawal 26 October 2024 7115 Views

I am writing to draw your kind attention to the insertion of new Rule 47A in CGST Rules, 2017 with effect from the 1st day of November, 2024, made by the CGST (Second Amendment) Rules, 2024 notified vide Notification no. 20/2024 - Central Tax.