Reading Time: 2 minutesGST tribunal constitution, The Much-awaited step in GST regime has been taken, the Ministry of Finance, Department of Revenue, issued the notification on September 14, 2023, regarding the constitution of Benches of the Goods and Services Tax (GST) Appellate Tribunal in States. This notification, published in the Gazette of India, Extraordinary, Part II, Section 3,
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Reading Time: 4 minutesGovt. Has notified the Integrated Goods and Services Tax (Amendment) Act, 2023. Content of amended are as follow. Ji THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2023 No. 31 OF 2023 [18th August, 2023.] An Act further to amend the Integrated Goods and Services Tax Act, 2017. Be it enacted by Parliament
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Reading Time: 2 minutesGeneral disciplines related to penalty, According to the provisions of section 126 of CGST Act 2017 regarding general disciplines related to penalty The above said section explains the principles for levy of penalty and general disciplines are to be observed by the tax authorities while levying penalty. The general guidelines to be followed while imposing
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Reading Time: 3 minutesRule 138F , According to the CGST Rule 138F, Information to be furnished in case of intra-State movement of gold, precious stones, etc. and generation of e-way bills thereof.- (1) Where- (a) a Commissioner of State tax or Union territory tax mandates furnishing of information regarding intra-State movement of goods specified against serial numbers 4
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Reading Time: 2 minutesdifference in ITC , according to Notification No. 38/2023 – Central Tax dated 4th August, 2023 , CGST Rule 88D provides the manner of dealing with difference in input tax credit available in autogenerated statement(GSTR-2B) containing the details of input tax credit and that availed in return (GSTR-3B). (1) Where the amount of input tax
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Reading Time: 4 minutesGSTN has informed the taxpayers that the functionality for geocoding the principal place of business address (i.e. the process of converting an address or description of a location into geographic coordinates) is now available on the GST Portal. The above-said feature is introduced to ensure the accuracy of address details in Goods and Services Tax
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Reading Time: 5 minutesCompounding of Offences under GST or Compendium on prosecution in GST, to understand the Compounding of Offences under GST read section 138 of the Central Goods and Service Tax Act, 2017 which deals with the provisions of compounding of offences under GST Act, along with rule 162 of the Central Goods and Service Tax Rules,
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Reading Time: 13 minutesRefund of Unutilized Input Tax Credit (ITC), Accumulation of Input Tax Credit (ITC) happens when the tax paid on inputs is more than the output tax liability. Such accumulated ITC is allowed to be carried over to the subsequent tax periods till such time it can be utilized by the registered person for payment of
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Reading Time: 2 minutesGST mail id and mobile no change, In the case of the Primary Authorized Signatory, has died or He/ She is not traceable, you just need to approach the relevant jurisdictional Tax Officer to get the password for the GSTIN allotted to your business. You can check your relevant jurisdiction in the Registration Certificate. Alternatively,
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Reading Time: 3 minutesAmazon GST registration, If a seller wants to sell his/her product on one of the biggest e-commerce giants like Amazon, then GST registration is compulsory as you need to pay Goods and Service tax to the government. Dealers can sell to millions of customers, on Amazon which is one of the largest online stores, through
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