Enforcement of Certain Provisions from the Finance Act, 2022 Overview: Notification No. 18/2022 announces the commencement date for specific provisions of the Finance Act, 2022. This notification marks when certain sections of the Act become effective. Key Details: Effective Date: The provisions of sections 100 to 114, excluding clause (c) …
Revised Threshold for Tax Invoice Preparation Overview: Notification No. 17/2022 revises the threshold limit for preparing tax invoices by registered persons under the Central Goods and Services Tax (CGST) Rules. Key Details: Amendment Overview: The notification amends a previous notification (No. 13/2020-Central Tax) regarding the requirement for issuing tax invoices. …
Update on Composition Levy for Fly Ash Products Overview: Notification No. 16/2022 amends the rules related to the Composition Levy under the Central Goods and Services Tax (CGST) Act. This change affects the tax rate and conditions for certain products made from fly ash. Key Details: Amendment Overview: The notification …
Update on GST Registration Exemptions for Fly Ash Products Overview: Notification No. 15/2022 updates the rules regarding GST registration exemptions for specific products under the Central Goods and Services Tax (CGST) Act. This change impacts businesses dealing with fly ash products. Key Details: Amendment Overview: This notification amends Notification No. …
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: Specific essential oils were subject to the reverse …
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 under S. No. 102 covered various types of …
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: Before January 1, 2023: Covered a broad category …
Rescission of GST Exemption for Certain Institutions Overview: Notification No. 11/2022-Central Tax (Rate) rescinds an earlier notification that provided GST exemptions on certain supplies to specified institutions. This change will affect the tax treatment of these supplies going forward. Key Details: Rescission Overview: Previous Notification: Notification No. 45/2017-Central Tax (Rate), …
Amendment to GST Refund Rules for Specified Goods Overview: Notification No. 9/2022-Central Tax (Rate) updates the rules regarding the refund of unutilized Input Tax Credit (ITC) for certain goods. This amendment revises which goods are eligible for refund under GST when the tax rate on inputs is higher than the …
Amendment to GST Rate for Specific Petroleum & Exploration Supplies Overview: Notification No. 8/2022-Central Tax (Rate) updates the concessional GST rate applicable to certain intra-state supplies related to petroleum and exploration industries. This notification revises the GST rate specified in a previous notification. Key Details: Amendment Overview: Previous Notification: Notification …
