CGST vs SGST – Difference Between CGST & SGST

CGST vs SGST - Difference Between CGST & SGST GST or the Goods and Services Tax is the recent addition to the Indian Taxation system and it is levied on the supply of goods and services.  For the business operation…

Central Goods and Services Tax (Eighth Amendment) Rules, 2021

Central Goods and Services Tax (Eighth Amendment) Rules, 2021 The Central Board of Indirect Taxes and Customs, vide notification no. 35/2021- Central Tax dated 24th September 2021, notified Central Goods and Services Tax (Eighth Amendment) Rules, 2021. The present article…

CGST Sixth Amendment Rules-2019

CGST Sixth Amendment Rules-2019 On October 9, 2019, the Government of India (GoI) has notified Sixth Amendment Rules, 2019, which have made some important changes to the existing Central Goods and Services Rules, primarily in the following areas: Restriction on…

GST Exemption on Gold, Silver and Platinum

GST Exemption on Gold, Silver and Platinum As per the latest GST Council meeting held on 20th September 2019, the council announced exempted or reduced Goods and Services Tax in the interest of the public. Of which, the GST is…

GST Exemptions to Food and Agricultural Organisations (FAO)

GST Exemptions to Food and Agricultural Organisations (FAO) As per the latest GST Council meeting held on 20th September 2019, the council announced exempted or reduced Goods and Services Tax in the interest of the public. Of which, the GST…

Compounding of Offences under GST

Compounding of Offences under GST Section 138 of the Central Goods and Service Tax Act, 2017 deals with the provisions of compounding of offences under GST, whereas, rule 162 of the Central Goods and Service Tax Rules, 2017 deals with…

Rules 42 and 43 of CGST Rules

Rules 42 and 43 of CGST Rules - Input Tax Credit Reversal Rule 42 and 43 of the CGST rules apply for claiming the input tax credit if the supply used partly for the purposes of business and partly for…