GST

Key Highlights of the 53rd GST Council Meeting

Table of Contents Introduction Waivers and Time Extensions Monetary Limits and Pre-Deposit Reductions Rate Adjustments and Exemptions Specific Exemptions Procedural Amendments Special Clarifications Conclusion Introduction The 53rd GST Council Meeting, chaired by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented several crucial recommendations aimed at enhancing the GST framework. Key decisions spanned […]

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GST Ambiguities: ITC Reversal of Capital Goods & Corporate Guarantees

Table of Contents Introduction ITC Reversal on Capital Goods Sale Capital Goods GST Provisions Explanations Illustration Suggestion GST on Corporate Guarantees Corporate Guarantee GST Provisions Suggestions Introduction It’s going to be 7 years of GST implementation on 1st July 2024. Yet there exists a good number of ambiguity in the various provisions of GST law.

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GSTR-9 & GSTR-9C Prep: Checkpoints For Exceptional Transactions

Overview: Embark on a simplified journey to grasp exceptional transactions in GSTR-9 & GSTR-9C through our essential checkpoints. These straightforward points act as your guide, helping you breeze through last-minute details and streamline your filing process effortlessly. Tailored to simplify the complexities associated with exceptional transactions, providing easy-to-follow insights for effective handling. Dive into our

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GSTR-9 & GSTR-9C Prep: The Pre-requisites

Overview: Prepare to conquer the complexities of GSTR-9 & GSTR-9C by mastering the essential pre-requisites. This bite-sized video overview offers a concise roadmap for effective preparation. Start by organizing your invoices and supporting documents, laying the groundwork for a seamless filing experience. Ensure your transactions align with GST regulations to sidestep compliance challenges. Streamline your

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India’s 50th GST Council Meeting: Key Outcomes Shaping Business Landscape

Table of Contents Introduction Changes in Tax Rates Exemptions in Healthcare Sector Streamlining ITC Distribution Strengthening GST Implementation Implications for Gaming and Gambling Industry Trade Facilitation Measures Conclusion Introduction India’s 50th GST Council Meeting, held in July 2023, witnessed significant developments and key decisions that have far-reaching implications for various sectors. The outcomes of this

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