വ്യത്യസ്‌ത ബിസിനസ്സ് വെർട്ടിക്കിളിൽ ജിഎസ്ടി

  What is the GST Amnesty Scheme under section 128A? According to chartered accountant Siddharth Surana, PGDM from IIM Bangalore, This scheme offers a one-time waiver of interest and penalties for certain cases raised under Section 73 of the CGST Act. “Cases involving erroneous refunds are, however, not covered. Taxpayers must deposit 100% of the tax demanded to avail of the waiver, which makes it crucial to assess if a case falls under the eligible categories," he says. Deadline to apply for GST Amnesty Scheme under section 128A waiver of interest and penalty Surana says, "As per department circulars, the deadline for the standard amnesty applications is 31st March 2025 and this is the standard deadline for both making application and doing payment of tax disputed." GSTN informed in the advisory that now the only two forms GST SPL-01 and SPL-02, used for applying for it are now both available on the GST portal. To apply for this scheme the taxpay  Letter for Section 128...

 When rent is paid to unregistered persons , and the recipient is a registered taxpayer, the Reverse Charge Mechanism (RCM) applies under GST. Here's how to handle it in the returns of the recipient: Steps for Recipient Returns 1. Liability to Pay GST Since the supplier is unregistered, the recipient is responsible for paying GST under RCM. Applicable GST Rate : Typically, 18% for renting services. Nature of Tax : CGST and SGST for intrastate transactions. IGST for interstate transactions. 2. Filing in GSTR-3B As the recipient, report and pay GST on rent under GSTR-3B . Step 1 : Discharge GST Liability : Go to Table 3.1(d): "Tax on outward supplies liable to reverse charge." Report the taxable value of the rent and the corresponding GST amount under IGST/CGST/SGST. Step 2 : Claim Input Tax Credit (ITC) : If the rent is used for business purposes, claim ITC for the GST paid under RCM. Report the ITC under Table 4(A)(2): "Inward supplies ...