GST

Understanding Notification No. 09/2024 Understanding Notification No. 09/2024 On 8th October 2024, the Ministry of Finance, Government of India, issued Notification No. 09/2024 – Union Territory Tax (Rate) under the Union Territory Goods and Services Tax Act, 2017 (UTGST). GST New Notification No This notification introduced a significant amendment to the existing reverse charge mechanism under … Read more

Advisory on Proper Entry of RR No Introduction Advisory on Proper Entry of RR No The Indian Railways’ Parcel Management System (PMS) has been integrated with the E-Way Bill (EWB) system through APIs, which will now facilitate real-time data transfer between the Railways and GST E-Way Bill portal. This integration aims to streamline the movement … Read more

Supreme Court Ruling on GST Input Tax Credit for Construction Supreme Court Ruling on GST Input Tax Credit for Construction The recent Supreme Court ruling has brought a major development in the realm of Goods and Services Tax (GST), specifically related to input tax credit (ITC) for immovable property. For businesses in industries that invest … Read more

 Archived GST Returns Data on the GST Portal Restoration of Archived GST Returns Data on the GST Portal On September 29th, 2024, the GST authorities announced the temporary restoration of archived GST return data on the GST portal. This comes as a relief for businesses and taxpayers who faced challenges accessing historical records due to … Read more

Understanding the Latest Updates After the 54th GST  Understanding the Latest Updates After the 54th GST Council Meeting The 54th GST Council Meeting has brought crucial clarifications regarding the applicability of GST on rent, especially for commercial properties. These changes impact both property owners and tenants, determining who is responsible for paying GST based on … Read more