GST Update How Advertising Services for Foreign Clients Are Taxed

GST Update: How Advertising Services for Foreign Clients Are Taxed

On September 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 230/24/2024-GST. This update provides clear guidance on how Indian advertising agencies should handle taxes when offering services to foreign clients under the Goods and Services Tax (GST). Let’s break down the main points. 1. Are Indian Advertising Agencies Intermediaries? […]

Navigating-GST-Changes-for-Metal-Scrap-Essential-RCM-and-TDS-Guidelines

Navigating GST Changes for Metal Scrap: Essential RCM and TDS Guidelines

“Metal scrap” refers to discarded or waste metal materials that are often recycled or sold as raw materials for further use. Recycling metal scrap plays a crucial role in conserving resources and promoting sustainability. In India, businesses involved in the sale or purchase of metal scrap need to understand various tax implications such as GST […]

Key Highlights from the 54th GST Council Meeting Major Updates

Key Highlights from the 54th GST Council Meeting: Major Updates

The 54th GST Council meeting, led by Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, brought important changes. These updates aim to simplify GST rates, improve compliance, and streamline procedures. Let’s go over the most significant changes. A. Changes in GST Tax Rates Namkeens and Savory Products:The GST rate on extruded savory products […]

Quick Guide Aadhaar & Document Verification for GST Registration in 4 States

Quick Guide: Aadhaar & Document Verification for GST Registration in 4 States

If you are registering for GST Registration in Bihar, Delhi, Karnataka, or Punjab, the process has changed. These changes make the verification faster and more secure. Here’s a brief look at what you need to know. Key Updates: 1.Biometric Aadhaar Authentication: Applicants are now identified using biometric-based Aadhaar authentication. This includes a photograph and verification […]

Legal Updates from Recent Court Rulings in GST Cases

Key Court Rulings on GST Seizures: What Businesses Should Know

Understanding GST law, especially regarding asset GST seizures, can be challenging. Recent court rulings have clarified the limits of CGST authorities’ power to seize assets. This blog will break down a key legal case that affects businesses dealing with the Goods and Services Tax (GST). The Case: CGST vs. Deepak Khandelwal In January 2020, CGST […]

September 2024 Compliance Calendar Key Deadlines You Shouldn't Miss

September 2024 Compliance Calendar: Key Deadlines You Shouldn’t Miss

As September 2024 rolls in, it’s essential for businesses and professionals to stay on top of their compliance requirements. Missing key deadlines can lead to penalties, so here’s a quick guide to the crucial dates this month. 7th September: TDS Payment for August 2024 Ensure that your TDS (Tax Deducted at Source) for August 2024 […]

Avoiding-Costly-GST-Filing-Errors-Insights-from-the-Recent-Court-Judgment

Avoiding Costly GST Filing Errors: Insights from the Recent Court Judgment

In GST compliance, even small mistakes can lead to big problems. A recent court judgment highlights the importance of filing returns correctly and the consequences of errors. Let’s explore the details of this case and what it means for businesses. The Error: Filing GSTR-1 for the Wrong Period In the case of Veeran Mehhta vs. […]