GST AAR Rajasthan: Applicability of GST on Corporate-Guarantee Facts The Applicant receives Corporate Guarantees (CG) from its foreign group companies without any consideration, in respect of loans obtained from banks and financial institutions There is no requirement... Read More
Dear All, The Central Board of Indirect taxes and Customs (‘the CBIC’) has issued Circular 238/32/2024-GST dated 15 October 2024 to provide clarifications on certain aspects related to applicability of Section 128A (which provide for waiver of interest or penalty or... Read More
Dear All, The Central Board of Indirect Taxes and Customs (the CBIC) vide Notification No. 20/2024-Central Tax dated 8 October 2024, has amended the Central Goods and Services Tax Rules, 2017 (‘the CGST Rules’). The key amendments under the CGST Rules are summarized... Read More
FAQs on Invoice Management System (IMS) Dear All, In continuation to the trail mail, the Goods and Services Tax Network (GSTN) has issued a set of frequently asked questions (FAQs) on the Invoice Management System (‘IMS’) to provide clarification on certain queries.... Read More
Dear All, The Goods and Services Tax (‘GST’) Council in its 54th meeting held on 9 September 2024 has made certain recommendations with respect to changes relating to GST rates, measures for facilitation of trade and streamlining compliances under GST. We have... Read More
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