WebJan 1, 2024 · Notification of Goods and Services Tax (GST) Rate Change For Chubb partners GST Rate Change Transitional Rule for Rate Change Frequently Asked Questions (FAQs) In Budget 2024, the Minister for Finance announced that the GST rate will be increased from: 7% to 8%, with effect from 1 Jan 2024; and 8% to 9%, with effect from 1 Jan 2024. WebFeb 16, 2024 · 1st Aug 2024: As per GST Notification 17/2024, the threshold for e-invoicing has been lowered further.Now, businesses with an AATO of Rs. 10 Cr. or more are required to generate e-invoices or IRN from 1st October 2024. The E-invoicing mandate is made applicable to all companies having more than Rs. 20 Cr. turnover from 1st April, 2024 …
Key takeaways of GST notifications issued on 31st March 2024
WebMar 23, 2024 · Notification 01/2024 – Central Tax Dated 4 January 2024 CBIC has assigned the powers of the Superintendent of Central Tax to Additional Assistant Directors in the Directorate General of Goods and Services Tax Intelligence (DGGI), Directorate General of Goods and Services Tax (DGGST), and Directorate General (DG) Audit. Circulars WebJun 2, 2024 · The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 43rd GST Council chaired by the Union Finance Minister, Nirmala Sitharaman, notified that the revised Section 50 GST interest Provisions will be effective from 1 June 2024. Section 112 of the Finance Act providing for retrospective amendment … craftsman novo
Circular No. 164 /20 /2024-GST CBIC-190354/207/2024-TO …
WebApr 15, 2024 · Go to the GST portal website (www.gst.gov.in) and log in using your username and password. Once you are logged in, look for the ‘Services’ tab at the top of … WebOct 5, 2024 · As per GST Notification 14/2024-Central Tax date. 23-03-2024, the government made it mandatory for notified taxpayers (turnover over Rs. 500 Cr.) to display dynamic QR codes on their B2C invoices. While e-invoicing mandates static QR Codes on the B2B invoices, industry had its own doubts about dynamic QR codes in the initial days. WebApr 1, 2024 · The Government of India has recently issued notifications related to the Central Tax system in India, effective from April 1, 2024. These updates cover a range of … divorced women and social security