GST

Future of GST compensation cess depends on the GST Council’s decision as the main purpose of the cess is to […]

GoM proposes to lower GST rates on over 100 items in India. This move is aimed at reducing the tax

GST returns which are filed are soon going to be removed from the GST portal. Taxpayers won’t be able to

Section 122A was introduced by the Finance Act, 2024 and will come into effect from 1st October 2024. Purpose Section

RCM on Commercial Rent refers to the Reverse Charge Mechanism, where the recipient (tenant) is liabile to pay GST on

GST rates refer to the percentage of tax imposed on the sale of goods or services under CGST, SGST and

GST on flex fuel vehicles shall reduce to 12% suggested by the Union Minister Nitin Gadkari to promote their use.

Reverse Charge Mechanism means the liability to pay tax is on the recipient (Purchaser) of supply of goods or services

Fake GST registrations are being used to fraudulently pass on input tax credit to unscrupulous recipients by issuing invoices without

GSTR-9 is an annual return which has to be file by regular taxpayers to maintain accurate records of GST transactions.