+91-8512-022-044 help@finodha.in

GST > 2024 Circulars

The Latest

Circular No. 239/33/2024 – GST: DGGI SCN Adjudication Rules

Understand Circular 239/33/2024-GST, new DGGI adjudication rules, all-India jurisdiction, common adjudicating authority, and taxpayer impact.

Circular No. 238/32/2024 – GST Section 128A GST Waiver

Understand Section 128A GST waiver of interest and penalty, eligibility, deadlines, forms, payment rules, and Circular No. 238/32/2024 explained simply.

Circular No. 237/31/2024-GST: Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act,2017.

Reference is invited to sub-section (5) and sub-section (6) of section 16 of the Central Goods & Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”)

Corrigendum to Circular No. 237/31/2024 – GST Explained

“However, it is clarified that said restriction on refund under section 150 of the Finance (No. 2) Act, 2024 will not apply to the refund of an amount paid as pre-deposit by the taxpayer as per sub-section (6) of section 107 or sub-section (8)

Circular No. 236/30/2024-GST: Clarification regarding the scope of “as is / as is, where is basis” mentioned in the GST Circulars issued on the basis of recommendation of the GST Council in its meetings

The Goods & Services Tax Council in its 54th Meeting held on 9th September 2024 has recommended issuance of clarification to clarify the intent behind the regularization done in the past meetings. Therefore, this Circular is being issued in exercise of power under Section 168 of CGST Act 2017 to clarify scope of “as is” or “ as is, where is basis”.

Circular No. 235/29/2024-GST: Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 54th meeting held on 9 th September 2024 at New Delhi

Based on the recommendations of the GST Council in its 54th meeting held on 9th September, 2024, at New Delhi, in exercise of the powers conferred under section 168(1) of the Central Goods and Services Tax Act, 2017, the Board hereby clarifies the following issues through this circular for the purpose of uniformity in their implementation:

Circular No. 234/28/2024-GST: Clarifications regarding applicability of GST on certain services

Based on the recommendations of the GST Council in its 54th meeting held on 9th September 2024, at New Delhi, in exercise of the powers conferred under section 168(1) of the Central Goods and Services Tax Act, 2017, clarifications on the following issues are being issued through this Circular as under:

Circular No. 233/27/2024 – GST: Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess.

Sub-rule (10) of rule 96 of Central Goods and Services Tax Rules, 2017 (hereinafter referred to as “CGST Rules”) provides for a bar on availment of the refund of integrated tax (IGST) paid on export of goods or services,

Circular No. 232/26/2024 – GST: Data Hosting Service Provider.

Explore Circular No. 232/26/2024-GST: Data Hosting Service Provider & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Circular No. 231/25/2024-GST: Demo vehicles.

As per dealership norms, these vehicles may be required to be held by the authorized dealers as demo vehicle for certain mandatory period and may, thereafter, be sold by the dealer at a written down value and applicable tax is payable at that point of time.

Read anything...

Shielding Your Business: A Comprehensive Guide to Business Continuity Planning (BCP)

Business Continuity Planning (BCP) is like a safety net for businesses, ready to cushion the impact when the unexpected hits. It’s more than just disaster management—it’s a strategic contingency plan ensuring the safety of a company’s assets, processes, and resources against unforeseen disruptions.

FAQs on GST applicability on ‘pre-packaged and labelled’ goods- reg

The changes relating to GST rate, in pursuance of recommendations made by the GST Council in its 47th meeting, are coming into effect from the 18th of July, 2022. One such change is moving from imposition of GST on specified goods when bearing a registered brand or brand in respect of which an actionable claim or enforceable right in a court of law is available to imposition of GST on such goods when “pre-packaged and labelled”. Certain representations have been received seeking clarification on the scope of this change, particularly in respect of food items like pulses, flour, cereals, etc. (specified items falling under the Chapters 1 to 21 of the Tariff), as has been notified vide notification No. 6/2022-Central Tax (Rate), dated the 13th of July, 2022, and the corresponding notifications for SGST and IGST.

FAQ on GST for Traders (Frequently Asked Questions)

Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form part of the cost component for a trader.

Order No. 01/2022 – GST: Authorization Under CGST Rules

Explore Order No. 01/2022 – GST: Authorisation Under CGST Rules & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Electronic Way Bill in GST

Electronic Way Billi’s a document required for movement of goods and it includes details such as name of consignor, consignee, transporter, the point of origin of the movement of godsend its destination.Electronic Way Bill (e-way bill) is basically a compliance mechanism wherein by way of a digital interface the person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods and generates e-way bill on the GST portal.

Order No. 01/2020 – GST: Extension of FORM GST TRAN-1

Explore Order No. 01/2020 – GST: Extension of FORM GST TRAN-1 & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Order No. 01/2020 – CT: Revocation of Cancellation of Reg.

Explore Order No. 01/2020 – CT: Revocation of Cancellation of Reg. & its implications for taxpayers. Get informed and stay compliant with the latest updates.

FAQs On TCS Under GST (Frequently Asked Questions)

As per Section 2(44) of the CGST Act, 2017, electronic Commerce means the supply of goods or services or both, including digital products over digital or electronic network.

FAQs on Anti-profiteering provisions (Frequently Asked Questions)

In terms of Section 171 of the CGST Act, 2017, the suppliers of goods and services should pass on the benefit of any reduction in the rate of tax or the benefit of input tax credit to the recipients by way of commensurate reduction in prices. The wilful action of not passing on the above benefits to the recipients in the manner prescribed is known as “profiteering”.

Order No. 01/2019 – GST: Extension of time limit for TRAN-1

Explore Order No. 01/2019 – GST: Extension of time limit for TRAN-1 & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 30/2017 – UTGST Rate Explained

Learn how Notification 30/2017 UTGST Rate exempts services associated with transit cargo to Nepal and Bhutan under GST and its impact on logistics businesses.

Notification No. 16/2018 – Central Tax (Rate) Explained

Notification No. 16/2018 – Central Tax (Rate) clarifies that municipal functions under Article 243W are neither supply of goods nor services under GST.

Notification No. 86/2020 – Central Tax Explained

Learn about Notification No. 86/2020 – Central Tax that rescinds Notification No. 76/2020. Simplified FAQs, legal insights, and compliance updates with Finodha.

Circular No. 211/05/2024 – GST: ITC Time Limit under RCM

Learn how Circular 211/05/2024-GST clarifies the ITC time limit under Section 16(4) for reverse charge supplies received from unregistered persons.

FREQUENTLY ASKED QUESTIONS (FAQs) ON FINAL GOODS AND SERVICES TAX (GST) Part- 21.2

As in the earlier service tax regime, five conditions have been prescribed for a service to be treated as exports in GST. The five conditions comprised in the definition of the term “Export of Services” are cumulative and are to be fulfilled in totality in order to consider a transaction of supply of service as an export supply.

Rule 70. Final acceptance of input tax credit and communication thereof .-

Important Keyword: Section 42, FORM GST MIS-1. Table of Contents GST Rule 70. Final acceptance of input tax credit and communication thereof .- Omitted (w.e.f. 01.10.2022) vide Notification No. 19/2022 - CT dated 28.09.2022 for GST Rule 70. Final acceptance...

Rule 75. Communication and rectification of discrepancy in reduction in output tax liability and reversal of claim of reduction.-

Important Keyword:  FORM GST MIS-2, FORM GST MIS-1, section 43. Table of Contents GST Rule 75. Communication and rectification of discrepancy in reduction in output tax liability and reversal of claim of reduction.- Omitted (w.e.f. 01.10.2022)...

Notification No. 04/2019 – Central Tax Explained

G.S.R (E).- In exercise of the powers under section 3 read with section 5 of the CGST Act, 2017 (12 of 2017) and section 3 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017),

Notification No. 21/2018 – Integrated Tax (Rate) Explained

Notification No. 21/2018 – Integrated Tax (Rate) amends 05/2017 IGST refund rules. Know ITC lapse, impact & GST compliance guide.