The Union Finance Minister Nirmala Sitharaman will preside over the 50th GST Council Meeting, which is most likely to take place in June 2023.
In this article, we will discuss 9 things that businesses need to check before paying their GST interest liability to ensure that they are not overpaying or underpaying their tax dues.
49th GST Council Meeting was held on February 18th, 2023 in New Delhi. In this article, we will discuss the key highlights from the meeting
Read important GST changes announced in the Union Budget 2023, and their implications for businesses and taxpayers. GST Changes: Union Budget 2023
Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman announced the union budget for 2023 on 1st February. Union Budget 2023 Key Highlights
5th Amendment Rules under GST: GST Notification 26/2022 | 5 Imp Changes | The Central Goods and Services Tax – 5th Amendment Rules, 2022
The amount of input tax credit reversed as per this provision shall be added to the output tax liability of the Registered Person for the month in which the details are furnished.
In the Annual Return GSTR 9, as we all know, details of outward and inward supplies along with ITC claimed, reversed, tax liability, tax payment and the adjustments are to be reported.
In this part, you need to provide consolidated details of all your outward supplies and advances received on which tax is applicable during the financial year for which the return is filed.
GSTR-9 is an annual return form that needs to be filed once a year by registered taxpayers under GST disclosing a detailed summary of outward supply and taxes paid thereon.
Annual GST Return - Everything you want to know about GSTR9, GSTR9A, GSTR9B, GSTR9C filing. A statement that every taxpayer needs to file annually.
GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate .
