CBIC's GST Circular No. 237/31/2024 clarifies retrospective provisions in Sections 16(5) and 16(6) of the CGST Act, introduced via the Finance Act (No. 2) of 2024.
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GSTR-1A is a form that allows taxpayers to correct or amend details of outward supplies reported in GSTR-1 before finalizing their GSTR-3B return for the same tax period.
According to the Notification No. 38/2023- Central Tax dated 4th August 2023, the CGST Rules, 2017 were updated to include Rule 88D, accompanied by FORM GST DRC-01C.
The ultimate objective of every taxpayer is to maximize ITC claim while following all the conditions and rules of GST law. The success of this goal depends on the internal practices and tools used and some external factors such as vendor compliance. Here, we discuss, 4 important aspects to maximize ITC claim.
September GST Returns of a year is the last return period during which taxpayers can rectify any missing inputs or errors in the returns already filed during the previous. Read important checklist to consider!
GSTR 9 and the reconciliation statement GSTR 9C for the fiscal year 2017-18 has been extended to January 31, 2020, from December 31, 2019.
34 GST Council Meeting Updates- Real Estate | Simplified GST Return Forms, Deferred | IRIS Garnet: An Overview | Upcoming Product Updates in April | GST Tax fraud caught in Vadodara
