APJ Finance: GST Updates

Results for GST Updates

Goods and Services Tax (GST) collections for December 2024 reached ₹1.77 lakh crore, marking a 7.3% increase compared to YOY.

CA Jay Agarwal January 01, 2025

India's Goods and Services Tax (GST) collections for December 2024 stood at ₹1.77 lakh crore, maintaining the streak of exceeding ₹1.7...Read More

GST on Sale of Old & Used Cars

CA Jay Agarwal December 27, 2024

GST on Sale of Old & Used Cars: What You Need to Know The sale of old and used cars attracts 18% GST, as per the latest guidelines. He...Read More

Highlights 55th GST Council Meeting held on 21-12-2024

CA Jay Agarwal December 23, 2024

Highlights 55th GST Council Meeting; 1. Key Highlights from the 55th GST Council Meeting: Tax Rate Changes Across Various Sectors: i. Popc...Read More

ITC is eligible on inputs used for construction of foundation of machinery

CA Jay Agarwal September 06, 2024

The Rajasthan Authority for Advance Rulings (AAR), in the case of M/s Uvee Glass Private Limited [Advance Ruling No: RAJ/AAR/2023-24/05, da...Read More

Clarification in differences in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19

CA Jay Agarwal December 29, 2022

In order to address the discrepancy between the Input Tax Credit (ITC) claimed in FORM GSTR-3B and that detailed in FORM GSTR-2A for FY 20...Read More

Key Highlights from the 48th GST Council meeting

CA Jay Agarwal December 17, 2022

On December 17, the 48th meeting of the goods and services tax (GST) Council was virtually presided over by finance minister Nirmala Sitha...Read More

GST Annual Return for the FY 2021-22

CA Jay Agarwal December 09, 2022

Applicability The filing of GST Annual Return is mandated as per section 44 of the CGST Act read with rule 80 (1) of the CGST Rules. The...Read More

Can ITC be availed on CSR-expenditure incurred by the company

CA Jay Agarwal December 05, 2022

Contradictory decisions from the Authority for Advance Ruling continue to be made regarding input tax credit (ITC) on expenditures underta...Read More

GST: Transfer of Business in the case of Death of Proprietor

CA Jay Agarwal December 04, 2022

GST: Transfer of Business in the case of Death of Proprietor Business transfers are subject to GST since they are regarded as supplies. Th...Read More

Based on supplier returns submitted till November 30th, 2022, the GSTN has updated its computation of ITC.

CA Jay Agarwal December 03, 2022

GSTN has updated the below instructions on GST Portal: Annual return in Form GSTR-9 once filed cannot be revised. Computation of ITC has b...Read More