GOODS AND SERVICES TAX

  Mastering GST: A Comprehensive Online Course for Tax Professionals and Business Owners 🎉 Join us at the Institute of Company Accountants for an enriching ONLINE CLASS session on GST📚 📅 Date: December12 2024(Weekly three Classes) 🕥 Time: 7PM - 8:30 PM 📍 Venue: Online 🔥Welcome to the Gateway of GST Excellence! Get ready to unlock the secrets of seamless tax compliance and strategic advantage. Our Goods and Services Tax Online Course is your key to mastering every facet of GST. From fundamentals to advanced strategies, we're here to guide you every step of the way. Let's embark on this journey to GST mastery together! 💡Unlock the Power of GST: Apply Now and Transform Your Understanding of Taxation! "GST isn't just about numbers; it's about understanding the economic landscape and adapting to change effectively." Apply now to secure your spot- https://gstambattur.in/ ✉ Mail id: icainstituteannanagar@gmail.com 🕻 Contact: 7550085215/ 7550095215

  Mastering GST: A Comprehensive Offline Course for Tax Professionals and Business Owners 🎉 Join us at the Institute of Company Accountants for an enriching DIRECT SUNDAY CLASS session on GST📚 📅 Date: December 22, December 29 2024 and January 5 2025(Sunday Classes) 🕥 Time: 10 AM - 5 PM Welcome to the Gateway of GST Mastery! Whether you're a seasoned professional or just starting out, our GST Offline Course is your roadmap to navigating the complexities of taxation with ease. 🔥Get ready to dive deep into GST principles, compliance, and strategies in a collaborative, hands-on learning environment. Let's embark on this transformative journey together! 💡Ready to Elevate Your Tax Knowledge? Apply Now for our Exclusive GST Offline Course and Take Your Expertise to the Next Level! "With GST, knowledge is power. Equip yourself with the expertise to navigate the complexities of taxation with confidence." Apply now to secure your spot and take control of your finances- ht...

Advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24 As per the Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated in the table 8A of Form GSTR 9 from GSTR-2B of the FY 23-24. Further, in table 8C of Form GSTR-9 total value of ITC on inwards supplies received during the FY but availed in next FY up to specified period, need to be filled manually. 2. Various tickets are received, wherein concerns have been raised regarding possible mismatch between the values of table 8A and 8C of Form GSTR-9 for FY 23-24. It is pertinent to mention that for FY 22-23 in table 8A of Form GSTR-9, values were getting auto populated from GSTR-2A however for FY 23-24 same are being auto populated from GSTR-2B. Therefore, to some extent, in Form GSTR-9 of FY 23-24, values in Table 8A will be inflated in respect of F...

  Gross and Net GST revenue collections for the month of Oct, 2024 Please click on the link below to view the gross and net GST revenue collections for the month of October, 2024. ( https://tutorial.gst.gov.in/downloads/news/revenue_report_oct24.pdf  ) Thanks, Team GSTN

  Mastering GST: A Comprehensive Offline Course for Tax Professionals and Business Owners 🎉 Join us at the Institute of Company Accountants for an enriching DIRECT SUNDAY CLASS session on GST📚 📅 Date: November 17, November 24 and December 1 2024(Sunday Classes) 🕥 Time: 10 AM - 5 PM Welcome to the Gateway of GST Mastery! Whether you're a seasoned professional or just starting out, our GST Offline Course is your roadmap to navigating the complexities of taxation with ease. 🔥Get ready to dive deep into GST principles, compliance, and strategies in a collaborative, hands-on learning environment. Let's embark on this transformative journey together! 💡Ready to Elevate Your Tax Knowledge? Apply Now for our Exclusive GST Offline Course and Take Your Expertise to the Next Level! "With GST, knowledge is power. Equip yourself with the expertise to navigate the complexities of taxation with confidence." Apply now to secure your spot and take control of your finances- https:...

  Mastering GST: A Comprehensive Online Course for Tax Professionals and Business Owners 🎉 Join us at the Institute of Company Accountants for an enriching ONLINE CLASS session on GST📚 📅 Date: November 11 2024(Weekly three Classes) 🕥 Time: 7PM - 8:30 PM 📍 Venue: Online 🔥Welcome to the Gateway of GST Excellence! Get ready to unlock the secrets of seamless tax compliance and strategic advantage. Our Goods and Services Tax Online Course is your key to mastering every facet of GST. From fundamentals to advanced strategies, we're here to guide you every step of the way. Let's embark on this journey to GST mastery together! 💡Unlock the Power of GST: Apply Now and Transform Your Understanding of Taxation! "GST isn't just about numbers; it's about understanding the economic landscape and adapting to change effectively." Apply now to secure your spot- https://gstambattur.in/ ✉ Mail id: icainstituteannanagar@gmail.com 🕻 Contact: 7550085215/ 7550095215

  Advisory in respect of Changes in GSTR 8 Please refer to the GST Council decision to the effect that TCS rate has been reduced from the current 1% (0.5% CGST + 0.5% SGST/UTGST, or 1% IGST) to 0.5% (0.25% CGST + 0.25% SGST/UTGST, or 0.5% IGST) effective from 10/07/2024 vide Notification No. 15/2024 dated 10.07.2024. Thus, the following important aspects regarding the TCS rates effective from 10.07.2024 are to be noticed: 1.    Period from 1st July to 9th July 2024:      •  During this period, the old TCS rate of  1%  will continue to apply. Taxpayers are required to collect & report TCS at this rate for all transactions happened between these dates. 2.    From 10th July 2024 onwards:      •  A revised TCS rate of  0.5%  will come into effect from 10th July 2024. Taxpayers must ensure their systems and processes are updated to reflect this new rate for all transactions happened f...