An Analysis of Circular No. 199 dated 17/07/2023 Preface Cross charge and Input Service Distributor (ISD) compliances has been complex and contentious issues under the Goods and Services Tax (GST) framework, since its inception. These provisions have been a source of uncertainty and confusion for taxpayers with multiple GST registrations. The lack of clarity surrounding […]
ISD Vs CROSS CHARGE Read More »
GTA OPTING FCM NOT REQUIRED TO FILE DECLARATION COUNCIL RECOMMENDATION As a trade friendly measure, it has been decided that GTAs will not be required to file declaration for paying GST under forward charge every year. If they have exercised this option for a particular financial year, they shall be deemed to have exercised it
KEY PROPOSALS OF 50th GST COUNCIL MEETING HELD ON 11.07.2023 Read More »
INITIATING CANCELLATION AND REVOCATION Cancellation can be initiated by the department at his own motion under Sec 29 of the Act and Rule 21 of CGST Rules. Revocation of cancellation can be applied in FORM GST REG-21 to the Proper Officer under Rule 23(1). TIME LIMIT & PROCEDURE FOR REVOCATION Revocation application must be submitted
LAST CHANCE REVOCATION OF CANCELLATION OF REGISTRATION Read More »
