Waiver of Interest & Penalty Under CGST Act: The CBIC has introduced Section 128A under the CGST Act, effective November 1, 2024.
9th amendment of the CGST Rules 2021 | The 9th Amendment of CGST Rules 2017 was recently updated by the CBIC by exercising the powers conferred by section 164. Read more...
Under GST, certain goods and services, as decided by the government, are exempt from goods and service tax on their supply i.e. ‘NIL’ GST rate is applicable to such transaction.
CBIC, in an attempt to reduce the dwell time, improve supply chain efficiency and minimise the cost on logistics for EXIM (Export-Import), has undertaken various steps and initiatives.
The Annual Return in the form GSTR-9 for FY 2017-18 is to be filed by 30th June 2019. However, there have been many inconsistencies in the form requiring suitable amendment therein.
ACES or Automation of Central Excise and Service Tax is a centralised, web-based software that allows a user to automate the processes of Central Excise (CE) and Service Tax (ST) under GST.