Category: Goods and Services Tax

CBIC declares the revised the rate of exchange of conversion w.e.f 22 September, 2023.

The amendment provides that the value of supply of online gaming, including supply of actionable claims involved in online money gaming, shall be the total amount paid or payable to or deposited with the supplier …

Read More "Central Goods and Services Tax (Third Amendment) Rules, 2023"

The BAPAs were signed as a consequence of entering into Mutual Agreements with India’s treaty partners namely Finland, the UK, the US, Denmark, Singapore, and Japan.

It is clarified that services supplied by a director of a company or body corporate to the company or body corporate in his private or personal capacity such as services supplied by way of renting …

Read More "Clarifications regarding applicability of GST on certain services"

It must be ensured that every entity selected should be subjected to the full audit cycle starting from Desk Review, Audit Plan, Audit Verification and preparation of Audit Report.

Relaxations for GST related filings for registered entities in the state of Manipur. The due date to file Form GSTR-1, GSTR-3B and GSTR-7 is extended till August 25, 2023. These notifications shall be deemed to …

Read More "Relaxations for GST related filings for registered entities in the state of Manipur"

Supplier of services for legalized gambling activities is included under purview of CGST Act.

The amendment has revised the form for exercising option by a Goods Transport Agency intending to revert under reverse charge mechanism to be filed before the commencement of any financial year to be submitted before …

Read More "A.P clarification on taxation on the supply of Construction Services"

It is clarified that in respect of common input services procured by the Head Office(HO) from a third party but attributable to both HO and Branch Office(BO) or exclusively to one or more BOs, HO …

Read More "Tripura government implements CBIC clarification regarding taxability of services provided by an office of an organization in one State to the office of that organization in another State"

The electronic commerce operator shall allow the supply of goods through it by the by the persons exempted from obtaining registration only if enrolment number has been allotted on the common portal to the persons …

Read More "CBIC directions for e-commerce operators"

The amendment provides that within a period of thirty days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both under section 37 in …

Read More "Central Goods and Services Tax (Second Amendment) Rules, 2023"

Registered person whose aggregate turnover in the financial year 2022-23 is up to two crore rupees is exempted from filing annual return for the said financial year.