This article examines how the new GST registration regulations will affect startups, highlighting the advantages as well as the difficulties.
A statement called RCM liability/ ITC statement has been introduced on GST portal.
A ministerial group is thoroughly reviewing GST rates in the 12% and 18% brackets. Decisions on potential changes are expected by the end of September.
From September 1, 2024, GST taxpayers must have a valid bank account linked to their GST registration to file GSTR-1.
Celebrate Janmashtami with Krishna's wisdom on good triumphing over evil. Discover the government's second special drive against fake GST registrations and its role in combating fraud in the GST system, much like breaking the Dahi Handi to reveal hidden treasures.
MEANING OF GUARANTEEGuarantee has not been defined in the GST Law. The reference is to be taken from the Indian Contracts Act, 1872. Guarantee is defined under ..
The GST Amnesty Scheme has been Enacted Vide Finance (No. 2) Act 2024 (No. 15 of 2024) dated 16th August, 2024.
Verifying authenticity is necessary to avoid fraud as it safeguards you against inaccuracies and fraudulent activities.
This section is used, or I must say misused, in most of the Notices! The department is trying to levy a penalty under this section in most cases, but the High Court's views are in favour of the Assessee.
In a move that could significantly impact policyholders and the insurance sector, the Goods and Services Tax (GST) Council is set to review the current 18% GST on insurance premiums.
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