Gstr 9 press release
WebDec 6, 2024 · Issues faced while filing GSTR 9C. 1. Turnover for filing Form GSTR- 9C: Form GSTR-9C is to be filed by all those taxpayers whose aggregate turnover has exceeded Rs 2 crore in a financial year. Turnover of the complete year i.e. from 1st April 2024 to 31st March 2024 has to be taken into account for calculating the turnover. WebJun 4, 2024 · The CBIC has issued a Press Release which clarifies certain issues on the filing of Annual Return i.e. GSTR – 9. As the last date for filing of Annual return in FORM GSTR-9 is June 30, 2024. The following are the clarifications made by CBIC with respect to the filing of Annual return are as hereunder:
Gstr 9 press release
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WebJun 28, 2024 · CBIC Press Release Dt. 18-10-2024. At point No 4: It is clarified that the furnishing of outward details in FORM GSTR-1 by the corresponding supplier(s) and the facility to view the same in FORM GSTR-2A by the recipient is in the nature of tax payer facilitation and does not impact the ability of the tax payer to avail ITC on self … WebDec 26, 2024 · As per GSTR9, the value Auto-populated in Table 8A has to be justified with break up details by the Assessee with classifying the Input Tax Credit (ITC) on how they have treated in their books. The Balance ITC left over (Auto populated Value minus ITC Considered by the Assessee) will be:
WebFeb 9, 2024 · GSTR 9C is a reconciliation statement, which is to be filed annually by taxpayers. However, registered persons whose aggregate turnover is up to Rs. 5 crores ( Notification no.30/2024-CT) have the option to file the same. (The said relaxation is available for previous years as well).
WebJan 13, 2024 · Read Press Release “CBIC issues Clarification on GSTR-9 w.r.t data pertaining to 2024-18”. Read Press Release “Election Commission as per the Model Code of Conduct and Government obtaining due clearances extended the due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2024-19 from 30.09.2024 to 31.10.2024”. … WebDec 16, 2024 · The article discusses furnishing transparency on annual returns (Form GSTR 9) filing and reconciliation statement (Form GSTR 9C) including needed reconciliations, best practices, advanced issues & solutions, and tips as applicable for the financial year (FY) 2024-22. Last date: 31st Dec 2024.
WebJul 30, 2024 · Vide CGST Notification No. 29/2024-Central Tax dated 30/07/2024 CBIC has notified the provisions of Section 110 & 111 of the Finance Act, 2024 w.e.f. 01.08.2024. While Section 110 omits section 35 (5) of CGST Act means GST Audit (GSTR-9C) by CA/CMA is no longer required and Section 111 substitutes section 44 (Annual return) of …
WebCircular No. 172/04/2024-GST Central Tax. 6 Jul, 2024. Clarification on below issues pertaining to GST: i. refund claimed by the recipients of supplies regarded as deemed export; ii. interpretation of section 17 (5) of the CGST Act; iii. perquisites provided by employer to the employees as per contractual agreement; and. cazade jeromeWeb3 hours ago · Petitioners have also taken a plea that Summary of the Order contained in Form GST DRC-07 imposes 100% penalty which is impermissible under the provisions … caza caza lojaWebOct 11, 2024 · Ministry of Finance has issued a Press Release on 09th October 2024 issuing certain clarifications while filing GSTR-9 & 9C for F.Y. 2024-19. Currently, the taxpayers are facing issue in GSTR-9 in reporting transactions pertaining to F.Y. 2024-18 which was reported in GST returns of 2024-19 as there is no specific column for the same. cazadora denim oversize mujerWebApr 10, 2024 · The Orissa High Court held the Central Board of Direct Taxes (CBDT) for issuing the circular as the taxpayer is not able to file an ITR because of technical issues. Mr J. Sahoo, Senior Counsel for All Odisha Tax Advocates Association, the applicant places before the Court copy of the judgment on 13th January 2024 of the Gujarat High Court in ... cazaci zaporojeniWebSep 17, 2024 · Amnesty Scheme and Rationalisation of late fee on GSTR-9 and GSTR-9C... Amnesty Scheme for withdrawal of Best Judgement Assessment Orders passed under … caza bjjWebApr 14, 2024 · What does Section 16 say: Section 16 of CGST ACT 2024 talks about Input Tax Credit mechanism, which allow the Taxpayers to offset the GST Input Tax Credit with the GST Output Tax Liability. This helps in avoiding the cascading effect of taxes and promote seamless flow of credit through the entire supply chain. FAQ […] caza bravaWebJul 30, 2024 · The existing Rule 80 replaced for making the requisite amendments in Form GSTR-9 & Form GSTR-9C. The default due date as per rule 80 shall be 31 st December following the FY. Rule 80 provides for exemption from GSTR-9C to taxpayers having AATO up to Rs. 5 crores. cazabe jessup