General
E-Invoicing : Decoding the Mysteries for Small Traders / MSME
Applicability: W.e.f. 1st October, 2022: If turnover on a single PAN exceeds Rs 10 Cr in any financial year from FY 17-18. For ex: Mr. A has following turnovers: Financial Year Turnover (in ₹ Cr) 18-19 15 19-20 8 20-21 5 21-22 6 As Turnover in FY ...
GST on Residential Property
As per the new rules w.e.f. July 18, 2022, if the tenant of the residential property is GST-registered, he has to pay 18% GST irrespective of the fact that the landlord is GST-registered or not. The payment of the GST shall be made under the reverse ...
GST on Pre-Labelled and Pre-packaged goods (GST Update 13.07.2022)
There are various misunderstanding as to levy of GST on common food products including wheat, rice etc. It is being said that this move by government will increase the price of essential commodities thus affecting common man. Various mandi have held ...
GST Updates (July '22)
Central Board of Indirect Tax and Custom (CBIC) has released various notifications enforcing various recommendations of 47th GST Council meeting held on 29th June 2022 and related to E-invoicing. Applicable from 18.07.2022 RELATED TO GOODS Rates on ...
Whether IGST or CGST/SGST to be paid on GTA services?
Confusion of Charging CGST/SGST or IGST? Section 12 of IGST Act states that the Place of Supply for services by way of transportation of goods, including by mail or courier would be as follows: Recipient Place of Supply Registered Person Location of ...
Understanding GST on Goods Transport Agency (GTA) Services (from recipient perspective)
Change w.e.f 18.07.2022 Categories of transporters: A transporter who are GTA and not charging GST on Bills. A transporter who are GTA and charging 5% or 12% GST on Bills. A transporter who is not a GTA. GST Treatment for GTA, whether registered or ...