Examine This Report on Notification No. 4/2024 (Central Tax (Rate))

Examine This Report on Notification No. 4/2024 (Central Tax (Rate))

Blog Article

Provided also that wherever the registration has been cancelled with retrospective impact, the registered human being shall furnish all returns concerning period of time from your effective day of cancellation of registration till the date of order of revocation of cancellation of registration in just a duration of 30 times in the date of purchase of revocation of cancellation of registration.”

???? dollars deposit in ECL is Advance Tax, curiosity not relevant for belated GST Return in the landmark judgment, the Gujarat substantial court docket has dominated that no desire is payable by assessee on tax deposited while in the Electronic dollars Ledger (ECL) as a consequence of delayed filing of GSTR-3B returns. The court docket clarified that after tax is credited to The federal government through ECL, it counts as ‘payment of tax’, although the return is filed later. This means the tax liability is taken more info into account discharged upon ECL deposit, presenting significant relief to taxpayers. The ruling emphasizes that fascination really should not be charged for your interval involving ECL deposit and return submitting, mainly because it contradicts the compensatory character of curiosity.

towards serial range 275A, once the words and phrases “Utensils”, the words and symbols “; Milk cans crafted from Aluminium” shall be inserted.

round No 225 – Clarification on many troubles pertaining to taxability and valuation of provide of services of giving company guarantee among associated persons.

The new provisions exempt agricultural farm develop provided in offers exceeding 25 kilograms or 25 liters from getting categorised as “pre-packaged and labelled” and, As a result, exempt from GST.

These notifications introduce numerous amendments for the GST provisions and principles. this post provides an in depth summary of such notifications, masking numerous elements for example registration processes, GSTR filings, ISD mechanisms, plus much more.

This Web-site is using a protection assistance to guard by itself from on line attacks. The motion you only done induced the security Alternative. there are various actions that may trigger this block such as publishing a specific word or phrase, a SQL command or malformed facts.

The council also proposed a twelve% GST price on every type of sprinklers, which include fire drinking water sprinklers, which has now been notified.

you may email the positioning owner to allow them to know you ended up blocked. remember to include Anything you were being executing when this web site came up plus the Cloudflare Ray ID observed at The underside of the web page.

According to the notification, firms can steer clear of this cost should they declare entire tax credit rating and deal only with taxable goods and providers. even so, as per professionals, companies earning even a small percentage of exempt income will nevertheless facial area complexities in valuing ensures for tax uses.

Seeks to lessen GST level on food items preparations set up in unit containers and supposed at no cost distribution to economically weaker sections with the society less than a programme duly approved from the Central authorities or any point out federal government.

This circular aims to provide very clear direction for makers and ensure steady software of GST restrictions across India.

the main objective of these alterations would be to simplify the tax framework and relieve the tax burden on critical goods. The brand new rates will be powerful from July 15th, 2024. in the following paragraphs, we will delve into the specifics of such adjustments and their implications.

Circular No 224 – recommendations for Restoration of superb dues, in cases wherein 1st appeal continues to be disposed of, until Appellate Tribunal arrives into operation

Report this page