The 8th Amendment of CGST Rules was recently updated by the Central Board of Indirect Taxation and Customs (CBIC) via GST Notification 35/2021 - Central Tax, dated 24-09-2021. The changes were made to update and amend the existing CGST Rules 2017. There are multiple changes to the act. You can read the full article to get the complete details.
Summaries of the latest GST circulars 165 and 166 - November 2021 | Circular 165 offers clarification regarding the applicability of Dynamic QR Code on B2C invoices while 166 offers clarification regarding refund-related issues...
Read the Summary of GST Circular 164. It is all about GST Rates and Classification of Goods/Services | Latest GST Circulars and Notifications
Summary of GST Circular 161 talks about clarification relating to the export of services-condition (v) of section 2(6) of the IGST Act 2017. Read here…
GST Circular 160 explained: It talks about the clarification with respect to certain GST related issues. Read here…
Summary of GST Circular 159: This circular talks about the clarification on doubts related to Scope of “Intermediary”. Read here…
The CBIC has recently issued Advisories 500 and 501 on 26th August 2021 dealing with furnishing of form GSTR-1/IFF and addressing the issues related to HSN while filing of GSTR-1 respectively.
Quarterly Return Monthly Payment or QRMP scheme under GST has been introduced to simplify compliance for taxpayers having turnover up to Rs. 5 crores. Recently, the government has introduced few QRMP Scheme updates for the taxpayers. Read the article to find out all the changes.
The government released several relief measures in the 43rd GST Council Meeting and one of the major ones was the GST Amnesty Scheme. Read all about the relaxations here.
ESG Reporting in India | EGS - Environmental, Social and Governance. It is a business review of a company’s economic, environmental and social impacts, caused by everyday business operations and activities
Finance Minister Nirmala Sitharaman presented the Union Budget 2021 which focused on 6 pillars – Health & Well-being, Inclusive Development, Human Capital, Innovation, and R&D. Read more…
Key amendments from 1st January 2021. Amendments in notifications on ITC Claim, QRMP Scheme, GSTR-3B auto population, EWB Validity, cancellation of GSTIN and a lot more
