GSTR-2B and Purchase Register Reconciliation Software
If you need to reconcile the GSTR-2B with the Purchase Register, you should think about using a software solution. We’ll go over how GSTR-2B reconciliation software can help you …
Category: GST
CBIC Clarifies GST Applicability on certain Services: Circular 190/2/2023
The CBIC has clarified the issues concerning the applicability of GST to certain services, such as Air Force Mess accommodations and MeitY incentives to acquiring banks for RuPay Debit …
GST-free Residential Renting for Personal use from January 1, 2023
CBIC notifies that residential premises rented to registered persons will be exempt from GST liability beginning January 1, 2023, provided the dwelling unit is rented to a registered person …
ICAI ‘Handbook on GST Invoicing’ (2022)
The ICAI has published a revised ‘Handbook on Invoicing under GST’ (November 2022 Edition) to provide stakeholders with guidance on the GST provisions relating to invoicing, including recent amendments …
CBIC Clarification on Reduction in GST Demand/ Statutory Dues in IBC cases
CBIC has clarified the issues relating to the treatment of reduction in statutory dues/ GST demands in cases where the proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) …
GST Refund Application Procedure for Unregistered Persons: CBIC Circular
CBIC has prescribed the procedure for filing GST refund application in the case of unregistered persons (URDs), vide Circular 188/20/2022 dt. 27/12/2022. CBIC received representations requesting the provision of …
CBIC Clarifications on ‘NCB’ and ‘e-Invoicing’ under GST
CBIC has clarified certain issues pertaining to ‘No Claim Bonus (NCB)’ allowed by the Insurance Companies and exemption from ‘e-invoicing’ with reference to an ‘Entity’ under GST, vide GST Circular …
CGST (5th Amendment) Rules, 2022: CBIC Notifications
The CBIC has notified the CGST (5th Amendment) Rules 2022 to make further amendments in the CGST Rules 2017 in line with the recommendations of the GST Council, vide …
GST e-Invoicing Turnover Limit not reduced to Rs 5 Crore: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification stating that there are no plans to reduce the Turnover Limit for GST e-Invoicing requirements from …
GSTR-2B Reconciliation Tool: An Incredibly Easy Method That Works For All
You can avoid situations such as ITC reversal due to discrepancies or missed ITC claims by using the GSTR-2B reconciliation tool. Furthermore, when matching bulk transactions to claim the …