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GST > Central Tax 2023 Notifications

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Notification No. 01/2023 – CT: Powers of Superintendent

Explore Notification No. 01/2023 – CT: Powers of Superintendent & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 02/2023 – CT: Amnesty to GSTR-4 non-filers 

Explore Notification No. 02/2023 – CT: Amnesty to GSTR-4 non-filers & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 03/2023 – CT: Revocation of Cancellation

Explore Notification No. 03/2023 – CT: Revocation of Cancellation & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 04/2023 – CT: Amendment in CGST Rules

Explore Notification No. 04/2023 – CT: Amendment in CGST Rules & its implications for taxpayers. Get informed and stay compliant with the latest updates.

GST Notification No. 05/2023 – Rule 8 Amendment Clarified

GST Notification 05/2023 updates Aadhaar-based registration under Rule 8(4B). Clarifies substitution in Notification 27/2022. Effective from 26 Dec 2022.

Notification No. 06/2023 – CT: Amnesty scheme for Section 62

Explore Notification No. 06/2023 – CT: Amnesty scheme for Section 62 & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 07/2023 – CT: Amnesty to GSTR-9 non-filers

Explore Notification No. 07/2023 – CT: Amnesty to GSTR-9 non-filers & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 08/2023 – CT: Amnesty to GSTR-10 non-filers

Explore Notification No. 08/2023 – CT: Amnesty to GSTR-10 non-filers & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 09/2023 – CT: Extension of limitation

Explore Notification No. 09/2023 – CT: Extension of limitation & its implications for taxpayers. Get informed and stay compliant with the latest updates.

Notification No. 10/2023 – ₹5 Cr E-invoicing Threshold

GST Notification 10/2023 lowers e-invoicing threshold to ₹5 Cr turnover from 1st August 2023. Know impact, FAQs, and expert guidance from Finodha.

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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. 40/2020 – Central Tax Explained

Notification No. 40/2020 – Central Tax extends validity of e-way bills expiring between 20.03.2020 and 15.04.2020 (generated till 24.03.2020) up to 31.05.2020.

Notification No. 01/2021 – UTGST Rate Update Explained

Explore Notification No. 01/2021 – Union Territory Tax (Rate). Understand GST rate changes, UTGST amendments, and real-life examples with Finodha’s expert insights.

Circular No. 119/38/2019 – GST: GST on Securities Lending

Understand GST on securities lending under the Securities Lending Scheme, 1997, including taxability, 18% GST, forward charge and RCM.

Circular No. 123/42/2019 – GST: Seeks to clarify restrictions in availment of input tax credit in terms of sub-rule (4) of rule 36 of CGST Rules, 2017.

Sub-rule (4) to rule 36 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the CGST Rules) has been inserted vide notification No. 49/2019- Central Tax, dated 09.10.2019. The said sub-rule provides restriction in availment of input tax credit (ITC) in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the CGST Act).

Section 23. Persons not liable for registration.-

(a) any person engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Act or under the Integrated Goods and Services Tax Act;

Notification No. 06/2019 – Union Territory Tax (Rate) Update

Notification No. 06/2019 – Union Territory Tax (Rate) notifies special GST procedure for promoters receiving FSI, development rights or land lease.

Notification No. 85/2020 – Central Tax Explained

Learn about Notification No. 85/2020 – Central Tax prescribing the 35% tax payment rule for quarterly GST filers effective from 1st January 2021.

Notification No. 08/2021 – Central Tax (Rate) Explained

Learn about Notification No. 8/2021 – Central Tax (Rate). GST changes on biodiesel, ores, renewable energy devices, medicines & beverages, effective 1 Oct 2021.

Notification No. 28/2019 – Central Tax Explained

G.S.R…….(E). – In exercise of the powers conferred by the second proviso to sub-section (1) of section 37 read with section 168 of the CGST Act, 2017 (12 of 2017)

SCHEDULE of the GST (Compensation To States) Act, 2017.

Explore schedule of the GST (Compensation To States) Act, 2017 and its implications for taxpayers. Get informed with the latest updates.