Stay Yourself Updated on GST
CBIC notifies the following amendments
👉 RCM on renting of any commercial property- if service provider is unregistered and the recipient is registered, the recipient needs to pay tax @18% on RCM
👉 RCM on Metal Scrap falling under any of the chapters 72, 73, 74, 75, 76, 77, 78, 79, 80 or 81- if the supplier is unregistered and the recipient is registered assessee, then the recipient has to pay GST under RCM
👉 CBIC notifies reduction of the quantum of pre-deposit required to be paid for filing of Appeals under GST
👉 CBIC notifies the GST Amnesty Scheme Procedure and conditions for waiver of interest or penalty or both for FYs 2017-20
👉 Insertion of Section 74A in various Sections w.e.f. November 01, 2024
👉 CBIC Omits Rules 96(10), 89(4A), and 89(4B) from the CGST Rules, 2017 to Simplify and Expedite Export Refund Procedure👉 CBIC notifies new Rule 47A – Time limit for issuing tax invoice in cases where recipient is required to issue invoice
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