GST simplified
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One stop solution for your GST queries. A knowledge sharing arena for the provisions of GST laws in India.CA Sumit Jalan is a qualified Chartered Accountant and a GST enthusiast.
GST simplified
8M ago
The 51st GST Council Meeting, chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, was held via video conferencing in New Delhi. Let’s take a look at the key recommendations made during the meeting
Background:
In the 50th GST Council Meeting on 11th July 2023, the Group of Ministers (GoM) presented its 2nd Report on Casinos, Race Courses, and Online Gaming.
The Council recommended taxing actionable claims supplied in Casinos, Horse Racing, and Online Gaming at a uniform rate of 28%, regardless of whether these activities involve a game of skill or chance ..read more
GST simplified
8M ago
No significant notification/ circular/ order was issued in this week by The Board or the Government ..read more
GST simplified
8M ago
The following notifications were issued by the CG during this week –
Notification No.
Subject
Effective from (the earliest date…)
10/2023 – CT
Implementation of e-invoicing for the taxpayers having ATO exceeding ₹ 5 crores from 01 Aug 2023
01 Aug 2023
05/2023 – CT(R) and IT(R)
Amendment of notification No. 11/2017- CT(R) so as to extend last date for exercise of option by GTA to pay GST under forward charge.
09 May 2023
Notification No. 10/2023 – CT
Through this notification, the CG has amended the erstwhile issued Notfn. No. 13/2020 – CT, dated 21 March 2020, as amended from time to ..read more
GST simplified
9M ago
The 50th meeting of the GST Council, chaired by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman, took place on Tuesday, 11 July 2023. The meeting focused on changes in GST tax rates, measures for trade facilitation, and streamlining compliance in GST. Here are the key recommendations made during the meeting:
Changes in GST Tax Rates:
I. Recommendations relating to GST rates on Goods
Reduction in GST rates of uncooked/unfried snack pellets: The rate on uncooked/unfried snack pellets will be reduced to 5%. Payment of GST on uncooked/unfried snack pellets during the past p ..read more
GST simplified
10M ago
No significant notification/ circular/ order was issued in this week by The Board or the Government ..read more
GST simplified
2y ago
The CG has issued the following important notifications this week –
Notification No.
Subject
Effective from (the earliest date…)
29/2021 – CT
Enforcement of Section 110 and 111 of Finance Act, 2021
01 Aug, 2021
30/2021 – CT
Amendment of Rule 80 of CGSTR, 2017 and notification of FORM GSTR – 9/ 9C for FY 2020-21
01 Aug, 2021
31/2021 – CT
Exemption of taxpayers having annual aggregate turnover upto ₹ 2 crores from the requirement of furnishing annual return for FY 2020-21
01 Aug, 2021
Notification No. 29/2021 – CT
Through this notification, the CG has notified the enforcement of Sect ..read more
GST simplified
2y ago
The CG has issued Circular No. 157/13/2021-GST to clarify regarding extension of limitation under GST law in terms of Hon’ble Supreme Court’s order dated 27 April 2021.
The CG had issued notifications under Section 168A of the CGST Act, 2017, wherein the time limit for completion of various actions, by any authority or by any person, under the CGST Act, which falls during the specified period, had been extended up to a specific date, subject to some exceptions as specified in the said notifications. However, the extension of limitation as per Hon’ble Supreme Court Order dated 27.04.2021 in Mis ..read more
GST simplified
2y ago
In this week, the CG has issued Notification No. 28/2021 – CT in order to waive the penalty payable by any registered person u/s 125 of the CGSTA, 2017 for non-compliance of the provisions of Notfn. No. 14/2020 – CT (incorporating Dynamic QR Code on a B2C invoice by specified registered persons) between 01 December, 2020 to 30 September, 2021 ..read more
GST simplified
2y ago
No significant notification/ circular/ order was issued in this week by The Board or the Government ..read more
GST simplified
2y ago
No significant notification/ circular/ order was issued in this week by The Board or the Government ..read more