Advisory issued regarding availability of New Invoice Management System (IMS) from 14.10.2024 The GSTN has issued an Advisory dated 14.10.2024, regarding availability of New Invoice Management System (IMS) from 14.10.2024. The new system shall facilitate…
Notification No.09/2024 - Central Tax (Rate) Impacts of RCM on Renting of any property other than residential dwelling If the tenant is Unregistered and the owner is also Unregistered under GST then GST is not…
CBIC issued Notifications to notified the date effecting change in rate of goods/ services, RCM on services, Interest waiver scheme under Section 128A These Notifications are summarized as under: A. Notification No. 21/2024-Central Tax: Notification…
Notification No. 23/2024-Central Tax: Waiver of late fees for FORM GSTR-7 (TDS return) u/s 51 from June 2021 onwards: The Notification shall be effective from 01.11.2024. Vide this Notification, CBIC provides for the waiver of late…
I. Notification No. 06/2024- Central Tax (Rate): Supply of metal scrap by an unregistered person to a registered person The 54th GST Council meeting held on 09.09.2024, has proposed reverse charge mechanism will be applied to…
So many Taxpayers who filed ITR before updation of ITR Utility have received Income Tax Demand Notices. Now ever since this issue came, there has been no word from department that why this Utility Change…
Clarification Kindly note that TDS rate reduced for section 194IB and not for section 194-I(b) TDS Rate u/s 194-I(b) is 10% only and not reduced to 2% Section 194-I has a threshold limit of Rs.2,40,000…
Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assessees…