Note on Archival of GST Returns data
GSTN shall archive the data old than 7 years from GST portal.
Tag: gst updatez
Extension of time limits under Section 73(9) vide Notification No. 56/2023 CT – unconstitutional Guwahati High Court
The Hon’ble Guwahati High Court has quashed the validity of Notification No. 56/2023, CT, dt:23-12-2023, in the case of Shree Shyam Steel regarding the extension of time for passing orders under Section 73(9) of the CGST Act for the financial years 2018-19 and 2019-20.
RCM on Commercial Rent – Key Impacts
RCM on Commercial Rent refers to the Reverse Charge Mechanism, where the recipient (tenant) is liable to pay GST on commercial rent.
Amnesty-GST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108
The 54th GST Council meeting has recommended rectification processes related to the ITC for demands under section 73, 74, 107 and 108 of the CGST Act, 2017.
GST-ITC on demo cars-eligible- CBIC clarifies
Automobile dealers using demonstration vehicles or demo cars for promoting sales can claim input tax credit (ITC) under the GST law.
CBIC Issued various Circular No. 207/01/2024 to 222/16/2024
A synopsis of contents circular-wise is as below crafted by Mr. R.SRIVATSAN, IRS, NACIN, CHENNAI