CA Samarpit Sharma on LinkedIn: Sometimes unnoticed but 🌟Important🌟 things about E-way bills 🚚 under… (2024)

GST E-way Bill Common Errors All You Need To KnowFor More InformationCall Us At +91 831 748 8035Mail At: info@certicom.inVisit Us: https://certicom.in#gst #gstupdates #gstindia #ewaybill #ewaybills #taxsavings #taxsaving #taxplanning #taxplanningstrategies

What is the Maximum Refund Amount permissible in ITC on account of Exports under GSTUnder GST, The Exporters with LUT are not liable to pay Tax. Thus, Balance in their ECL is sometimes of no use to them. Considering this, the Department has allowed them to claim such Unutilised figures in hard cash subject to some limits. Follow CoeKubera for more such posts.

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In GST we have One nation, One taxIn NEET we have One Nation, One examIn National GRID we have One Nation-One GridIn Abrogation of Article 370, One Nation One FlagIn National Rationcard - One Nation, One Ration card

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Good news for Taxpayers !!!Now GST System will auto calculate ITC to be reversed on account of non filing of GSTR-3B by supplier as per Rule 37A.Also same will be communicated to concerned Taxpayers via registered mail ID.This is really a good move, otherwise as a taxpayers need to identify such ITC manually which is a big task to do.

GST E-Invoice applicability limit reduced to Rs.5 Crore from 1st August 2023 vide Notification No. 10/2023 – CT dated 10th May 2023.Taxpayer whose turnover is crossed to Rs 5 crore in any previous year since 2017, E-Invoice provisions will be applicable to them from 1st Aug 2023.#GST #einvoicing #taxcompliance

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Common Mistakes To Avoid When Applying For GST RefundWhy Your GST Refund Might Get RejectedFor More InformationCall Us At +91 831 748 8035Mail At: info@certicom.inVisit Us: https://certicom.in#gst #gstindia #gstupdates #gstupdate #gstr #gstfiling #gstreturn #taxpayers #incometaxindia #incometaxes

📌GST Updates 2024-25📌 According to GST Rule 46 (b), it is mandatory for every taxpayer to generate a distinct series of invoices for each financial year.#gst #india #amendment #newupdates #gstupates #newrule

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Changes in GST rules from 1st March 2024:- Businesses with turnover above 5 crore will not be able to generate e-way bill without including e-invoice details for all B2B transactions. Under the goods and services tax regime, e-way bills are required for inter-state transportation of goods valued over 50,000.#gstupdates #gstcompliance #einvoice #ewaybill #gstnews

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📌GST Updates 2024-25📌 According to GST Rule 46 (b), it is mandatory for every taxpayer to generate a distinct series of invoices for each financial year 2024-25.#gst #india #amendment #newupdates #gstupates #newrule

Section 16(2)(c)- Initially most of the taxpayers and even consultants took it lightly.Various judgements suggest that payment by the seller is vital for eligible claim of input tax credit by the buyer.Even if the purchase is genuine and the payment is made via bank.There is almost negligible hope of respite on this issue.But there are still some arguments thats still need the attention of courts.- Govt can put a condition on benefits but can they put a condition which is impossible for a buyer to comply.- ITC is vital feature of GST. In some instances where the return is filled too late by seller in some amnesty scheme, the tax is paid by the seller but ITC is not available to the buyer. This creates an unjust enrichment for the government.- Does the government have any mechanism where the tax , if recovered by the govt from the seller at any stage after the reversal by the buyer, the ITC should be given back.Pls add your points.

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