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) …
Input tax credit
Clarification on Input Tax Credit (ITC) for Electronic Commerce Operators (ECO)
On December 31, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 240/34/2024-GST to address issues …
Clarification on Input Tax Credit (ITC) for Goods Delivered Under Ex-Works (EXW) Contracts
On December 31, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 241/35/2024-GST to address ambiguities …
Rectification of ITC Orders: Detailed Procedure for Taxpayers Under GST Section 16 Amendments
The Goods and Services Tax (GST) Council, in its 54th meeting on September 9, 2024, recommended that Sections 118 and …
New Circular 216/10/2024 for GST and ITC on Warranty and Extended Warranty Services
Clarification in respect of GST liability and input tax credit (ITC) availability in cases involving Warranty/Extended Warranty, in furtherance to …
CBIC Circular 214/8/2024 : Tax Rules for Life Insurance Premiums
Clarification on the requirement of reversal of input tax credit in respect of the portion of the premium for life …
CBIC’s Latest Circular 210/4/2024 on GST for Imported Services Explained
CBIC Clarifies Valuation of Imported Services by Related Persons Eligible for Full Input Tax Credit On June 26, 2024, the …
Blocked Input Tax Credit (ITC) under GST
The Goods and Services Tax (GST) regime in India, while beneficial, specifies certain restrictions on the availability of Input Tax …
New Relief in Section 16(4) of GST
In a recent landmark judgment, the Kerala High Court’s ruling in the case of M.Trade Links Vs Union Of India …
IDBI Bank gets Rs 2.97 crore GST demand order
IDBI Bank on Tuesday said it has received a GST demand order of ₹2.97 crore along with interest and penalty …
