CBIC has recently announced many updates to the existing GST rules in various meetings and through notifications. These are going to be in effect within 15 days from 1st April 2019. We have brought a compilation of all the updates for our users:
As you may know, GSTR 9 is an annual return form that a regular taxpayer is required to file for his/her annual turnover. The form requires invoice details for inward and outward supplies as procured by the given business.
As the new provisions have been rolled out for E-way bill, it is important to fully understand the different rules to be completely compliant. This blog will educate you on howto be compliant and avoid any penalization.
The 33rd GST Council Meeting was held on 24th February 2019 under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in New Delhi.
The ISD or Input Service Distributor is responsible to distribute the ITC to its sub-branches for the services utilised by them. However, there are some rules an ISD has to follow, for distribution of the ITC.