Category Archives: GST

New RCM Liability/ITC Statement on GST Portal introduced

By | August 24, 2024
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Introduction of RCM Liability/ITC Statement Aug 23rd, 2024 To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability/ITC Statement” has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions by capturing the RCM liability shown in Table 3.1(d) of GSTR-3B and its corresponding… Read More »

Category: GST

NOTIFICATION NO. 12/2024 – CENTRAL TAX

By | August 5, 2024
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NOTIFICATION NO. 12/2024 – CENTRAL TAX [G.S.R. 376(E)/F.NO. CBIC-20006/21/2024-GST], DATED 10-7-2024 In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules,… Read More »

Category: GST

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jammu & Kashmir and West Bengal

By | August 4, 2024
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Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jammu & Kashmir and West Bengal Aug 2nd, 2024 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.… Read More »

Category: GST