55th GST Council Meeting Date: December 21, 2024 Location: Jaisalmer, Rajasthan Chairperson: Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman The 55th GST Council meeting held in Jaisalmer, Rajasthan, brought forth significant decisions aimed at streamlining taxation policies, providing relief to taxpayers, and clarifying ambiguities in GST laws. Below is an exhaustive breakdown … Read more
EWB System Post EWB-FOIS Integration EWB System Post EWB-FOIS Integration The integration of the E-Way Bill (EWB) system with the Freight Operations Information System (FOIS) of Indian Railways marks a significant milestone in streamlining goods transportation in India. This blog aims to provide a detailed understanding of the integration and guide taxpayers on the accurate … Read more
Differences Between Table 8A and Table 8C of Annual Return Introduction Differences Between Table 8A and Table 8C of Annual Return Filing the Annual Return (Form GSTR-9) for FY 2023-24 requires taxpayers to carefully report Input Tax Credit (ITC) details. With recent amendments introduced via Notification No. 12/2024-Central Tax (10th July 2024) and Differences Between … Read more
Reverse Charge Mechanism in GST with FAQs Reverse Charge Mechanism in GST with FAQs The Reverse Charge Mechanism (RCM) under GST is a unique provision where the responsibility to pay tax shifts from the supplier to the recipient of goods or services. This guide explains the key concepts, provisions, scenarios, and compliance requirements, along with … Read more
Advisory on Authorized e-Invoice Verification Apps Advisory on Authorized e-Invoice Verification Apps The Goods and Services Tax Network (GSTN) has issued an advisory to help taxpayers identify and use authorized B2B e-Invoice verification apps. As e-Invoicing becomes an integral part of business operations, it is crucial to ensure that taxpayers use legitimate apps to verify … Read more
