Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry 04/11/2023 Dear Taxpayers, This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. 1. Rule 8… Read More »
New GST Amnesty scheme Appeal I Time Exention for Taxpayers I CA Satbir Singh
Seeks to notify a special procedure for condonation of delay in filing of appeals against demand orders passed until 31st March, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 2nd November, 2023 No. 53/2023– CENTRAL TAX S.O. 4767(E).—In exercise of the powers conferred by section… Read More »
GST Penalty imposed even if Tax paid within 30 days of Notice : High Court IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR. JUSTICE DINESH KUMAR SINGH TUESDAY, THE 17TH DAY OF OCTOBER 2023 / 25TH ASWINA, 1945 WP(C) NO. 33787 OF 2023 PETITIONER: M/S. GLOBAL PLASTO WARES, RESPONDENTS: 1 ASSISTANT… Read More »
The Institute of Chartered Accountants of India GST & Indirect Taxes Committee GOODS & SERVICES TAX UPDATE-209 1. Clarification relating to export of services – Section 2(6)(iv) of the IGST Act, 2017 Export of service is defined in section 2(6) of the IGST Act, 2017. As per clause (iv) of the said definition, the… Read More »
GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y Revenue from domestic transactions (including import of services) is also 13% higher Y-o-Y Average gross monthly GST collection in FY 2023-24 now stands at ₹1.66 lakh crore; 11% higher Y-o-Y Posted… Read More »
Record 7.85 crore ITRs filed for all assessment years up to 31st October, 2023 Over 7.65 crore ITRs filed for AY 2023-24 till 31st October, 2023; 11.7% higher Y-o-Y More than 7.51 crore ITRs verified and almost 96% of the verified ITRs stand processed till 31st October 2023 Over 1.44 crore statutory forms filed up… Read More »
6 New GST updates for Accountants , GST Professionals & Taxpayers I CA Satbir Singh
Clarifications regarding applicability of GST on certain services. Circular No.206/18/2023-GST F. No. CBIC-190354/195/2023-TO (TRU-II)-CBEC Government of India Ministry of Finance Department of Revenue(Tax Research Unit) ***** North Block, New Delhi Dated the 31stOctober, 2023 Download Click here
Clarification regarding GST rate on imitation zari thread or yarn based on the recommendation of the GST Council in its 52ndmeeting held on 7th October, 2023. Circular No. 205/17/2023-GST F. No. CBIC-190354/195/2023-TO(TRU-II) Government of India Ministry of Finance Department of Revenue(Tax Research Unit) ***** North Block, New Delhi Date: 31stOctober,2023 Download Circular Click here