Central Goods and Services Tax (Fifth Amendment) Rules, 2022 Notification No. 26/2022 – Central Tax [G.S.R.902(E)/F. NO. CBIC-20001/2/2022-GST], Dated 26-12-2022 In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017, the Central Government, on the recommendations of the Council, has further amended …
Simplified Explanation of Notification No. 27/2022-Central Tax Purpose: This notification outlines the procedure for GST registration in specified states or union territories, specifying where certain registration provisions do not apply. It was effective from December 26, 2022, and has been amended several times before being rescinded on July 10, 2024. …
Simplified Explanation of Notification No. 12/2022-Central Tax (Rate) Purpose: This notification updates the Central Goods and Services Tax (CGST) rate schedule for various goods, effective from January 1, 2023. It revises the tax rates and descriptions for certain goods. Key Points: Amendments in Schedule I – 2.5% Rate: Item 102A: …
Simplified Explanation of Notification No. 13/2022-Central Tax (Rate) Purpose: This notification updates the list of exempt goods under the Central Goods and Services Tax (CGST) Act, 2017, specifically concerning agricultural and animal feed products. Key Points: Update to Aquatic and Animal Feed Exemption: Before January 1, 2023: The exemption list …
Simplified Explanation of Notification No. 14/2022-Central Tax (Rate) Purpose: This notification updates the reverse charge mechanism for certain essential oils under the Central Goods and Services Tax (CGST) Act, 2017. Key Points: Update on Reverse Charge for Essential Oils: Change in Details for S. No. 3A: Before January 1, 2023: …
Simplified Explanation of Notification No. 15/2022-Central Tax (Rate) Purpose: This notification updates the list of exempt services under the Central Goods and Services Tax (CGST) Act, specifically related to the renting of residential properties and certain other services. Key Points: Update on Exempt Services: Addition of Explanation for S. No. …
Simplified Explanation of Notification No. 53/2023 – Central Tax Heading: Special Procedure for Filing GST Appeals After Deadline Purpose of the Notification: This notification provides a special procedure for taxpayers who missed the deadline to file an appeal against orders under Sections 73 and 74 of the Central Goods and …
Simplified Explanation of Notification No. 54/2023 – Central Tax Heading: Amendment to GST Registration Procedure for Certain States Purpose of the Notification: This notification updates the list of states and union territories where a specific GST registration provision does not apply. Key Details: Legal Basis: Authority: This amendment is made …
Simplified Explanation of Notification No. 56/2023-Central Tax Heading: Extension of Time Limit for Issuance of Orders for Tax Recovery Purpose of the Notification: This notification extends the deadline for issuing orders to recover unpaid or short-paid tax and wrongly availed input tax credit for specific financial years. Key Details: Legal …
Notification No. 23/2022 deals with anti-profiteering measures under the Central Goods and Services Tax (CGST) Act. It involves the role of the Competition Commission of India (CCI) in ensuring that benefits from tax credits or rate reductions are passed on to consumers. Key Points: Empowerment of the Competition Commission of …
