Learn how the new changes in Tax Collected at Source (TCS) on overseas travel packages in India from 5% to 20% will impact the cost of travel for customers and travel companies
One person company under GST is a business structure that allows a single individual to operate a company without requiring a partner.
GST Year-End Checklist: 14 Tasks To Be Completed before 31st March 2023 | Latest GST Changes you need to be aware of! Read more...
An audit is a term that is generally used for official inspection and verification of documents by an Independent body, usually for financial accounts.
Read all the updates and GST changes from January 1 2023 stated by CBIC related to Input Tax Credit, GST Rates, Reverse Charge, GST registration
Third Amendment under GST | Changes in ITC Claim for GSTR 9 & invoice amendment till November 30, 2022 | 3rd amendment rules under GST
The Central Goods and Services Tax - Second Amendment Rules, 2022 were published by the Central Board of Indirect Taxes and Customs in GST Notification no. 19/2022 - Central Tax dated September 28, 2022.
The withdrawal of exemption on export freight has affected exporters and transporters severely. In this article, we will discuss the new change that has been implemented, how much air freight and ocean freight is now applicable, the ITC issues and also the history of this exemption.
It is mandatory for the taxpayers to report a minimum 4-digit or 6-digit HSN Code in table-12 of GSTR 1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner.
Meta Description: GST Changes from 1st October 2022 Onwards | We have collated all the significant GST changes being applicable from 1st October 2022 onwards that you need to be aware of!
As per GST Notification 18/2022, the time limit to claim ITC and amend sales/CDN has been extended (including for FY 21-22) by the CBIC. So, the date has been changed for claiming ITC, issuing CDN, and doing amendments to returns of the previous year till 30th November by notifying clause 100 of the Finance Act 2022 to be effective from 01.10.2022.
PMT-03A is an annexure to the existing form PMT-03. The form, issued by the CBIC in Circular No. 174/06/2022-GST dated July 06, 2022, allows the proper officer to re-credit the amount in the taxpayer's electronic credit ledger.