# gstupdate
12 posts in `gstupdate` tag
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CGST Act 2017 Update: What’s New in Section 128A and Its Impact?
The CBIC's Notification 11/2025 brings significant modifications to Section 128A of the CGST Act, easing tax procedures for enterprises encountering extraordinary situations. This examination addresses the broader applicability, streamlined processes, and compliance implications.
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GST Rules 42-43 Explained: How Interest Qualifies as Exempt Supply
This guide outlines how interest income is treated under GST as exempt supply according to Rules 42-43, addressing ITC effects, compliance obligations, and the implications for financial institutions.
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New E-Invoice Rules: 30-Day Reporting Obligation for 10 Crore AATO - Important Details for Companies
This document details India's upcoming e-invoice reporting requirement that will take effect in April 2025 for companies with a turnover exceeding ₹10 crore over a 30-day period. It outlines the compliance obligations, necessary system modifications, and potential penalties for failing to comply.
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Navigating the GST Waiver Program: An All-Inclusive Guide to SPL 01, SPL 02, DRC-03, and Frequently Encountered Problems
This blog offers a comprehensive overview of the GST Waiver Scheme, highlighting key forms such as SPL 01 and SPL 02, along with alternative payment options like DRC-03 and DRC-03A. It also discusses frequent technical challenges encountered on the GST portal and outlines significant deadlines for tax payments and waiver applications.
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Mandatory ISD Registration Under GST from April 1, 2025: Who is Affected?
This blog offers a detailed examination of the compulsory ISD registration under GST, which begins on April 1, 2025. It discusses the importance, the registration procedure, and the effects on businesses. Keep yourself updated and compliant with this thorough guide.
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GST Compliance Checklist: 9 Key Tasks to Finish Before March 31, 2025
This blog lists the nine essential GST compliances that companies need to finish by March 31, 2025, in order to stay out of trouble and maintain seamless operations. Learn how to stay in compliance and keep correct financial records, from LUT reporting and GSTR-9 filing to e-invoicing and ITC reversal.
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Major Update: GST Registration Biometric Authentication Now in Your Home State
GSTN has introduced a new feature allowing Promoters/Directors to complete biometric authentication for GST registration at any GST Suvidha Kendra in their home state. This blog explains the benefits, process, and key details of this update.
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GST Regulations Update: All You Need to Know (Feb 18-24, 2025)
This blog covers the latest GST announcements, notifications, and changes from February 18 to February 24, 2025. Key updates include the Composition Scheme for FY 2025–2026, mandatory E-Way Bills for scrap suppliers, and important compliance deadlines.
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e-Way Bill Compliance Made Simple: ENR-03 Advisory for Unregistered Dealers in India
This blog post describes Advisory ENR-03, which makes it easier for unregistered dealers in India to join in e-Way Bills. In order to guarantee the smooth and lawful transportation of products under GST, it covers the enrollment procedure, advantages, and important points.
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A Complete Guide to GST Registration in India for 2024–2025
With an emphasis on Rule 8 of the CGST Rules, 2017 and the significance of Aadhaar identification, this blog offers a comprehensive reference to GST registration in India for 2024–2025. It goes over important commercial factors, the registration procedure, and the most recent upgrades.
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GST Notifications & Key Changes: What You Need to Know (28th Jan - 3rd Feb 2025)
This blog offers a thorough examination of the most recent GST announcements and modifications from January 28 to February 3, 2025. The hard locking of the automatically generated tax obligation in GSTR-3B, improved automation in submitting GST returns, clarifications of ITC eligibility, extensions of the GST return deadline for some industries, and improvements to the GSTN site are some of the major developments. The goals of these improvements are to increase taxpayer satisfaction, decrease mistakes, and improve compliance.
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Finance Bill 2025 An explanation of the main points and tax reforms
Key tax and financial reforms that affect people, companies, and the economy are included in the Finance Bill 2025, which was issued together with the Union Budget. It provides clarification on crypto taxation, simplified GST, lowered corporate taxes, and updated income tax slabs.