8 New GST Circulars are issued after 50th GST Council meeting.
These are very important circulars related to clarification on issues related to E-invoice, Refunds, Share Capital held in Subsidiary by Holding company, ITC on parts under warranty, TCS in case of multiple ECO involved, ITC mismatch for year 2019-20 & 2020-21, Charging of interest u/s 50(3), ISD mechanism.
Below are link to download these circulars:
| Number | Date | Subject | Download |
|---|---|---|---|
| 199/11/2023-GST | 17-Jul-2023 | Clarification regarding taxability of services provided by an office of an organisation in one State to the office of that organisation in another State, both being distinct persons Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/gst-clarification-on-isd-mechanism-circular-199-11-2023-17-07-23/ | English |
| 198/10/2023-GST | 17-Jul-2023 | Clarification on issue pertaining to e-invoice Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/issues-related-to-e-invoice-circular-198-10-2023-17-07-2023/ | English |
| 197/09/2023-GST | 17-Jul-2023 | Clarification on refund-related issues Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/clarification-on-refund-related-issues-circular-197-09-2023/ | English |
| 196/08/2023-GST | 17-Jul-2023 | Clarification on taxability of share capital held in subsidiary company by the parent company Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/taxation-of-shares-held-by-holding-of-subsidiary-co-in-circular-196-08-2023-17-7-23/ | English |
| 195/07/2023-GST | 17-Jul-2023 | Clarification on availability of ITC in respect of warranty replacement of parts and repair services during warranty period Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/itc-for-warranty-replacements-repairs-during-warranty-period-gst-circular-195-07-2023-17-july-2023/ | English |
| 194/06/2023-GST | 17-Jul-2023 | Clarification on TCS liability under Sec 52 of the CGST Act, 2017 in case of multiple E-commerce Operators in one transaction Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/who-is-to-pay-tcs-u-s-52-in-case-of-multiple-eco-for-single-transaction-gst-circular-194-06-2023-17-july-2023/ | English |
| 193/05/2023-GST | 17-Jul-2023 | Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period 01.04.2019 to 31.12.2021 Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/difference-in-itc-gstr-3b-vs-2a-for-the-period-1-4-2019-to-31-12-2021-gst-circular-193-05-2023-17-july-2023/ | English |
| 192/04/2023-GST | 17-Jul-2023 | Clarification on charging of interest under section 50(3) of the CGST Act, 2017, in cases of wrong availment of IGST credit and reversal thereof. Read circular in brief (with examples): https://taxupdates.cagurujiclasses.com/calculation-of-interest-u-s-503-in-case-of-wrong-availment-of-igst-credit-reversal-thereof-gst-circular-192-04-2023-dated-17-july-2023/ | English |
Practical Course at:
