GST

The description “Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act” has been included within the ambit of supply as per entry no 5(e) of Schedule II of the CGST Act, 2017.

OIDAR stands for Online Information Database Access and Retrieval services. It is a category of services provided through internet, without having any physical interface with the supplier of such services.

As per the notification No:17/2022, dated 01.08.2022, the threshold for applicability of E-invoicing has been revised to Rs. 10 crores from the existing Rs. 20 crores.

GSTR-2A: Auto generated View-only dynamic GST return – Available Monthly. GSTR-2B: Auto generated View-only static GST return – Available Monthly

The registration under GST will no longer be active and the dealer is not required to Pay/collect any GST, Claim any input tax credit or File returns.

Composition levy is a mechanism available to taxpayers wherein they can choose to pay tax at a fixed percentage on the state turnover.

The liability to pay tax on goods, shall arise at the time of supply, as determined using the following provisions,

It is an electronic way bill (EWB) for the movement of goods from one place to another place without which goods cannot be transported.

The Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis by the recipient of such goods or services

RCM CGST (cum SGST) on supplies from unregistered dealers is governed by Sec 9 (4) of CGST (Amendment) Act, 2018 dated 29th Aug 2018.