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GST > Union Territory Tax (Rate) 2024 Notifications

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UT Notification No. 09/2024 |Reverse Charge on Property Rent

UT Notification No. 09/2024 adds GST reverse charge on commercial property rent from unregistered suppliers. Effective from 10 Oct 2024. Know more at Finodha.

Corrigendum on RCM for Immovable Property | GST UT 09/2024

Corrigendum Correction to GST UT Notification No. 09/2024 clarifies reverse charge applies to immovable property rent only. Effective from 22 Oct 2024.

Notification No. 08/2024 UTTR| GST Exemptions on Services

GST Notification No. 08/2024 exempts UT services like R&D, electricity supply & education affiliation. Effective 10 Oct 2024. Read all updates at Finodha.

Notification No. 07/2024 – UTTR |GST Rate Cut for Air Travel

Notification No. 07/2024 -UTTR lowers GST to 2.5% on shared-seat helicopter air travel. Read GST updates and Finodha GST solutions now!

Notification No. 06/2024 – UTGST: Metal Scrap Exemption

Explore UTGST Notification No. 06/2024. Learn GST exemption for metal scrap sold by unregistered dealers to registered buyers. Effective from Oct 10, 2024.

Notification No. 05/2024 – UT Tax: Amendment to 01/2017

Notification 05/2024-UT Tax (Rate) updates GST rates & entries for medical, food & seating items. Effective from 10 Oct 2024. Read FAQs, insights & compliance tips.

Notification No. 03/2024 – UTGST |Pre-Packaged farm produce

Explore Notification No. 03/2024 – UTGST. Clarifies exemption for farm produce in packages over 25kg/25L from pre-packaged tax liability. Read FAQs now!

Notification No. 02/2024 – UTGST Amendment to UT Tax Rates

Explore Notification No. 02/2024-UTGST on revised tax rates for cartons, milk cans, solar cookers & more, effective 15th July 2024. Get GST insights here.

Correction in Notification No. 01/2024 – IT (Rate) Explained

Corrigendum to Notification No. 01/2024-IT(R) revises tax rate from 2.5% to 5% and clarifies base notification. Learn what’s changed and why it matters.

UT Notification No. 01/2024 – Amendments to GST Rate Schedule

Explore Notification No. 01/2024 – Union Territory Tax (Rate), effective from 4 Jan 2024, amending Schedule I GST rates on specific petroleum gas codes.

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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.

GST Exemption Limit in India | Who Qualifies?

Explore the GST exemption limit for businesses in India. Learn about criteria for exemptions and how they benefit small enterprises financially.

FREQUENTLY ASKED QUESTIONS (FAQs) ON FINAL GOODS AND SERVICES TAX (GST) Part- 13.3

E-way bill (FORM GST EWB-01) is an electronic document (available to consignor (i.e. supplier) / consignee (i.e. recipient) / transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components – (i) Part A comprising of details of GSTIN of supplier and – recipient, place of despatch (indicated by PIN code), place of delivery (indicating PIN Code also), document (Tax invoice, Bill of Supply, Delivery Challan or Bill of Entry) number and date, value of goods, HSN code, and reasons for transportation; and (ii) Part B –comprising of transport details – transport document number (Goods Receipt Number or Railway Receipt Number or Airway Bill Number or Bill of Lading Number) and Vehicle number for road.

Notification No. 02/2024 – IT(R)|Rate Changes on Milk Cans

GST Notification No. 02/2024-IT(R) adds milk cans, cartons & solar cookers at 12% rate. Check FAQs, impact, and compliance info. Effective from July 15, 2024.

Notification No. 10/2018 – Union Territory Tax Explained

Notification No. 10/2018 – Union Territory Tax rescinds earlier E-way bill notification for UTs without legislature from 25 May 2018.

Section 9. Returns, payments and refunds

(b) furnish such returns in such forms, along with the returns to be filed under the Central Goods and Services Tax Act; and

FAQs on Sectoral series Mining (Frequently Asked Questions)

Question 1: Can small mining leaseholders with a turnover less than Rs.75 lacs operate under composition scheme?

Circular No. 7/7/2017 – GST: System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B – regarding.

In case the registered person intends to amend any details furnished in FORM GSTR- 3B, it maybe done in the FORM GSTR-1 or FORM GSTR-2, as the case may be. For example, while preparing and furnishing the details in FORM GSTR-1, if the outward supplies have been under reported or excess reported in FORM GSTR-3B, the same maybe correctly reported in the FORM GSTR-1.

FREQUENTLY ASKED QUESTIONS (FAQs) ON FINAL GOODS AND SERVICES TAX (GST) Part- 20

Integrated Goods and Services Tax” (IGST) means tax levied under the IGST Act on the supply of any goods and/ or services in the course of inter-State trade or commerce

Notification No. 21/2021 – Central Tax: GSTR-4 Late Fee Relief

Notification No. 21/2021 rationalizes late fees on GSTR-4. Understand limits, applicability, and compliance benefits for composition taxpayers.

FORM GST RFD-01 W: Application for Withdrawal of Refund Application

GST:
I/We hereby solemnly affirm and declare that the information given herein is true and correct to the best of my/ our knowledge and belief and nothing has been concealed therefrom.