Updated RCM List: Services Covered Under RCM (Effective from January 2025)
The Reverse Charge Mechanism (RCM) under GST requires the recipient of specified services to pay tax instead of the supplier. …
GST
Attention: Hard-Locking of Auto-Populated Liability in GSTR-3B | New GST Advisory
Jan 27th, 2025 The Goods and Services Tax Network (GSTN) has issued an important update regarding the planned implementation of …
Finance Minister Nirmala Sitharaman’s budget team: Meet THESE 5 faces behind Union Budget 2025
Finance Minister Nirmala Sitharaman will present Union Budget 2025-26, her eighth consecutive budget, on February 1. Continued spending on infrastructure, …
CBIC removes 18% GST on rent from property owners not registered under GST
In a significant development for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) …
Temporary Identification Number (TIN) Introduced Under GST: Notification No 07/2025
Key Amendments to the Central Goods and Services Tax (CGST) Rules, 2017 – Notification No. 07/2025 The Central Board of …
Duplicate Entries in GSTR-2B Resolved, Cross-Check Your ITC Claims: GST Advisory on GSTR-2B and GSTR-3B
The GST portal has issued a crucial advisory addressing concerns regarding discrepancies in Input Tax Credit (ITC) reflected in GSTR-2B …
HSN Reporting in GSTR-1 Table 12: Implementation Date Extended
In a significant update for taxpayers, the GST portal has issued a new advisory on the mandatory mentioning of HSN …
New GST RCM Provisions for Renting and Sponsorship Effective 16 Jan 2025
The GST Council has introduced significant amendments to the Reverse Charge Mechanism (RCM) under Notification No. 13/2017 of Central Tax …
Big relief for GST taxpayers: CBIC changes arrest and bail guidelines under GST
Now a Goods and Service Tax (GST) proper officer can’t arbitrarily arrest a GST registered person due to a recent …
No GST RCM on Sponsorship Services, Notification No. 07/2025-Central Tax (Rate)
Date: January 16, 2025Notification: Notification No. 07/2025-Central Tax (Rate)Issued By: Ministry of Finance, Department of RevenueEffective Date: Immediate In alignment …
