In a move to ease the compliance burden on small businesses, the Central Board of Indirect Taxes and Customs (CBIC) has exempted businesses with an annual turnover of up to Rs 2 crore from filing the GSTR-9 form for the financial year 2023-24.
The Central Board of Indirect Taxes and Customs (CBIC) has recently released Circular No. 228/22/2024-GST dated July 15, 2024, providing essential clarifications regarding the applicability of GST on specific services.
More than 90% of registered businesses in states like Gujarat, Rajasthan, Punjab, Uttar Pradesh, and Himachal Pradesh have consistently filed their monthly tax returns, according to official data.
GSTN wish to inform that NIC is releasing the integrated services from e-invoice-1 and e-invoice-2 portals on 18th July 2024 on sandbox portals
In a significant move, several app-based ride-hailing services, including Uber, have approached the Union Finance Ministry, the Goods and Services Tax (GST) Council, and the Authority for Advance Rulings (AAR) to clarify their tax liabilities.
In a strategic move to enhance the effectiveness of the GST regime, the GST Council has reconstituted a crucial ministerial group.
GST Council has approved that application of refund of additional IGST paid on account of upward revision in prices of goods subsequent to exports may also be processed by Tax Administration.
Punjab is emerging as a state with one of the highest tax evasion rates in India, with authorities apprehending numerous criminals involved in bogus billing worth billions of dollars daily.
The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 12/2024 – Central Tax dated July 10, 2024, has introduced a new optional facility allowing registered taxpayers to amend details in FORM GSTR-1
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 12/2024 - Central Tax dated July 10, 2024, to further amend Rule 142 of the CGST Rules.
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