Clarification on Input Tax Credit for EXW Contracts: Insights from Circular No. 241/35/2024-GST Clarification on Input Tax Credit for EXW Contracts The Goods and Services Tax (GST) framework in India has consistently emphasized compliance and uniformity in the interpretation of tax laws. Recently, Circular No. 241/35/2024-GST, issued on December 31, 2024, provides critical clarifications regarding … Read more
Clarification on Place of Supply for Online Services to Unregistered Recipients: Understanding Circular No. 242/36/2024-GST Clarification on Place of Supply for Online Services to Unregistered Recipients On December 31, 2024, the GST Policy Wing of the Ministry of Finance issued Circular No. 242/36/2024-GST to address compliance issues and provide clarification regarding the determination of the … Read more
Clarification on GST Treatment of Vouchers Clarification on GST Treatment of Vouchers On December 31, 2024, the GST Policy Wing of the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 243/37/2024-GST to address various issues related to the Goods and Services Tax (GST) treatment of vouchers. Clarification on GST Treatment of VouchersT … Read more
Mandatory Biometric Aadhaar Authentication for GST Registration Mandatory Biometric Aadhaar Authentication for GST Registration The Goods and Services Tax (GST) registration process has evolved significantly with the introduction of Biometric Aadhaar Authentication as a mandatory step for all new GST registrations. This amendment aims to enhance security, streamline document verification, and reduce fraudulent activities in … Read more
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
