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FAQ on Evidence of Compliance with Section 15(3)(b)(ii) of the CGST Act for Discounts Provided Through Credit Notes
Circular No.-212/6/2024-GSTDate: 26th June 2024Question 1: What are the conditions for excluding discounts from the value of taxable supply under Section 15(3)(b)(ii) of the CGST Act?Answer:For a disc...
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FAQ on Time Limit for Availment of Input Tax Credit (ITC) on RCM Supplies from Unregistered Persons
Circular No. 211/5/2024-GSTDate: 26th June 2024Question 1: What is the time limit for availing ITC on reverse charge mechanism (RCM) supplies received from unregistered persons?Answer:For supplies rec...
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FAQ on Valuation of Imported Services by Related Persons with Full Input Tax Credit (ITC) Eligibility
Circular No. 210/4/2024-GSTDate: 26th June 2024Question 1: How is the import of services by a related person treated under GST?Answer:Under Schedule I of the CGST Act, the import of services by a pers...
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FAQ on Place of Supply of Goods to Unregistered Persons under IGST Act
Circular No. 209/3/2024-GSTDate: 26th June 2024Question 1: How is the place of supply determined for goods supplied to unregistered persons?Answer:Under clause (ca) of Section 10(1) of the IGST Act, w...
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FAQ on GST Liability and Input Tax Credit (ITC) for Warranty and Extended Warranty
Circular No. 216/10/2024-GSTDate: 26th June 2024Question 1: What is the GST liability and ITC availability for replacing goods under warranty?Answer:When goods are replaced under warranty by the manuf...
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FAQ on Taxability of Loan Transactions between Overseas Affiliates and Indian Affiliates
Circular No. 218/12/2024-GSTDate: 26th June 2024Question 1: Is providing a loan by an overseas affiliate to its Indian affiliate considered a taxable supply under GST?Answer:No, the activity of provid...
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FAQ on Reduction of Government Litigation – Monetary Limits for Filing Appeals
Circular No. 207/1/2024-GSTDate: 26th June 2024Question 1: What is the purpose of setting monetary limits for filing appeals?Answer:The purpose of setting monetary limits for filing appeals is to opti...
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FAQ on Entitlement of Input Tax Credit (ITC) for Insurance Companies on Motor Vehicle Repair Expenses in Reimbursement Mode
Circular No. 217/11/2024-GSTDate: 26th June, 2024Question 1: Can insurance companies claim ITC for motor vehicle repair expenses in reimbursement mode?Answer:Yes, insurance companies can claim ITC for...
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SCN Reply-Request for Waiver of Late Fee for Late Filing of GSTR-1 Return
Date: [Insert Date]To:The Assessing Officer[Assessing Office Address][City, State, Pincode] Subject: Request for Waiver of Late Fee for Late Filing of GSTR-1 Return for [Period]Reference: Notice No. -...
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SCN Reply-Response to Show Cause Notice ASMT-10 and DRC-01
Dated 29/04/2024 Date: [Insert Date]To: State Tax Officer------------- Circle 01[City, State, Pincode] Subject: Response to Show Cause Notice ASMT-10 and DRC-01 Dated 29/04/2024Dear Sir/Madam,We are w...
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SCN Reply - Objection on Attachment of Bank Account under Section 79(1)(c) – Issuance of FORM DRC-13
Date: [Insert Date]To: [Assessing Officer's Name][Designation][Address of the Tax Office][City, State, Pincode] Subject: Objection on Attachment of Bank Account under Section 79(1)(c) – Issuance of F...
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SCN Reply - Request for Waiver of Penalty under Section 122(2)(a) for FY 2019-20
Date: [Insert Date]To: [Assessing Officer's Name][Designation][Address of the Tax Office][City, State, Pincode] Subject: Request for Waiver of Penalty under Section 122(2)(a) for FY 2019-20Dear Sir/Ma...
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SCN Reply - Request to Hold Demand in Abeyance Following GST Council's Waiver Decision
Date: [Insert Date]To: [Assessing Officer's Name][Designation][Address of the Tax Office] Subject: Request to Hold Demand in Abeyance Following GST Council's Waiver Decision on Interest and Penalty un...
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GST Council Newsletter May 2024
In the GST Council Newsletter for May 2024, it was reported that the gross GST revenue collected for the month reached ₹1.73 lakh crore, marking a 10% increase compared to the same period last year. T...
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Recommendations of 53rd GST Council Meeting: Comments and Checklist
In a landmark meeting, the 53rd GST Council has unveiled a series of game-changing recommendations that promise to reshape the landscape of indirect taxation in India. From easing compliance burdens t...
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28 Recommendations of 53rd GST Council Meeting
Ministry of Finance Recommendations of 53rd GST Council Meeting GST Council recommends waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not inv...
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SCN Reply - Response to Notice ADT-01 and Show Cause Notice under Section 122 of GGST Act 2017.
Response to Notice ADT-01 and Show Cause Notice under Section 122 of GGST Act 2017 Date: __________To,Assistant Commissioner,State Tax Officer-1 (Audit Cell)Division-12GandhidhamSubject: Response to N...
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SCN Reply - Request for Transfer of Tax Paid Under IGST Head to CGST and SGST Heads.
Request for Transfer of Tax Paid Under IGST Head to CGST and SGST Heads [Date]To,¶The Assistant Commissioner¶GST Department¶[Department Address]¶[City, State, ZIP Code]Subject: Request for Transfer of...
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Is Reverse Charge Transaction Covered Under E-Invoicing?
Unlock the Secrets of E-Invoicing for Reverse Charge Transactions: What You Need to KnowNavigating the complexities of GST can be challenging, especially when it comes to understanding the intricacies...
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GST Council Newsletter For April 2024
The April 2024 GST Council Newsletter encapsulates significant discussions, revenue achievements, and updates within the Indian tax framework. The newsletter highlights the third National Coordination...