Rule 47A of the CGST Rules – Effective from 1st November 2024
🔹Explanation of Relevant Sections of the CGST Act, 2017
🔹List of services under the Reverse Charge Mechanism (RCM) in GST as of October 2024
🔹Sample Format for Self-Invoice under RCM
Presentation by
B.Venkateswaran I.R.S.,
Assistant Commissioner Central Excise & GST, (Retired) Coimbatore
@FinMinIndia@cbic_india@Infosys_GSTN@beevenkat#GST
Me to Client: Aapko ITC aapke Invoices ke according milegi
Client : Ok
**Few Months Later**
Me to Client: Aapko ITC 2A ke hisaab se milegi 20% variance acceptable hoga
Client : Ok
**Few Months Later**
Me to Client: Aapko ITC 2A ke hisaab se milegi 10% variance acceptable hoga
Client : Ok
**Few Months Later**
Me to Client: Aapko ITC 2A ke hisaab se milegi 5% variance acceptable hoga
Client : Ok
**Few Months Later**
Me to Client: Aapko ITC 2B ke hisaab se milegi, No Variance will be accepted
Client : Ok
**Few Months Later**
Me to Client: Aapko ITC IMS se jo data 2B me autopopulated hoga uske hisaab se milegi, No Variance will be accepted
Client : Aap pagal ho gye ho kya? Har 2-3 mahine me nayi baat karne lagte ho..
@GST_Council@cbic_india@nsitharaman@FinMinIndia
Girish Ahuja sir on the ongoing #87A issue in New Scheme
#Budget
I think people should now file the returns which were halted for correction in Utility
GSTR 9 & 9C are masterpieces made by the department. Complete reconciliation by GST portal ensuring no tax evasion
The entire GST law is well drafted with a world-class online portal for filing and reconciliation!
The only corruption is sometimes at lower level tax officers, if faceless assessment is introduced in GST this too shall be eliminated
Our office completed all GST filing today a day before the deadline. The portal is working really smooth this year!
A clear message to all businesses pay taxes on time & relax. If you try to evade you will eventually end up paying higher taxes with interest & penalty
@cbic_india@nsitharaman
Today is the 73rd Birthday of our leader of Bharat, PM Narendra Damodardas Modi.
What gifts He has given to us
9 New IITs
9 New IIMs
Ram Mandir
12 Cr+ Toilets
370 Removal
12 New AIIMS
3.5 Cr+ Homes
75+ new Airports
40 Cr+ Mudra Loans
50 Cr+ got Health cover
12 Cr+ homes got Tap Water
2.7 lakh+ Kms of Rural Roads
78,000+ Kms of National Highway
Etc etc etc
What gift you can give to Him - Your Vote in #2024Election Will you?
Ideally, it will be a gift to self as he had given back to us far far more than any other leader in history
#HappyBdayModiJi
India is the only Country in the World 🌎 where high GST collections are celebrated as sign of Development and Progress ignoring these:
❌ Price Hike Due to Inflation
❌ High Import Collections
❌ Restrictions in Claiming ITC
❌ Deposits due to Appeal Filing
❌ Recovery through Notices
❌ High compensation Cess
You can troll be, abuse me for writing this tweet but I would request you to please think on these issues and then you will understand the reason.
We live in the era of simplified compliance where a Registered Person doesn’t have the Right to claim his ITC as Form GSTR-2 or it’s equivalent is missing from Procedures though it was promised.
इंडियन एक्सप्रेस के संपादक राजकमल झा का गोयनका अवार्ड में वोट ऑफ थैंक्स. चीफ़ जस्टिस चंद्रचूड़ के सामने खरी खरी बातों ने कुछ को हंसाया तो कुछ सूजे हुये चेहरे भी दिखेंगे.
This farmers wanted to ask a question from M.L.A sahab, he got no answer, but he was rebuked and thrown off the stage; and these are the same Netas who before elections, court farmers, promise them the moon !
Dear @IncomeTaxIndia
Please atleast inform us the name or PAN of the assessee for whom emails are being sent for non-linkage of PAN & Aadhar!
Otherwise there is no use of these emails. You are just wasting your own resources.
No benefit to end user.
Answer to all Taxpayers who ask what we get back when we pay taxes?
#DelhiMumbaiExpressway#Metros#VandeBharatExpress
Developing infrastructure is the biggest return this govt has given to taxpayers which will reduce their cost of living & provide luxury @narendramodi
India's largest bank SBI reported a net profit of Rs 14,205 for December quarter with bad debts at just 0.77% of the total loan book. Record breaking!
The steps taken by Modi Govt in last few years to clean books of banks are yielding results now