Filing process of SPL-02 1. Login into GST portal: Navigate to > Services > User Services > My Applications. 2. On Navigating to ‘My Applications’ page, the taxpayer has to select ‘Apply for Waiver Scheme under Section 128A’ option under ‘Application type’ dropdown. If the taxpayer wants to file a new application for availing waiver … Read more
E-Way Bills Expired on 31st December 2024 Introduction E-Way Bills Expired on 31st December 2024 E-way bills are a critical component of the Goods and Services Tax (GST) system, ensuring smooth transportation of goods across India. However, unforeseen technical glitches can occasionally disrupt the process, causing inconvenience to taxpayers and transporters. A recent issue on … Read more
Income Tax and GST Updates Effective from 1st January 2025 Changes to Tax Collected at Source (TCS) Rates Applicability under Section 206C(1F): Motor Vehicles: A TCS rate of 1% applies to the sale of motor vehicles exceeding ₹10 lakh. Other Goods: TCS at 1% applies to goods specified by the Central Government via notification. These … Read more
Waiver Scheme under Section 128A Waiver Scheme under Section 128A The Goods and Services Tax Network (GSTN) issued an important advisory on November 8th, 2024, regarding the waiver scheme under Section 128A. This blog provides an overview of the advisory and outlines the steps taxpayers need to follow to benefit from the scheme. Overview of … Read more
Understanding GST on Sale of Old and Used Vehicles Understanding GST on Sale of Old and Used Vehicles GST on Sale of Old and Used Vehicles The sale of old and used vehicles is subject to GST (Goods and Services Tax) in India. The government has revised the applicable GST rate for old petrol and … Read more
