Abhishek Raja "Ram"
5 months ago
ā¢View on X
šØ šš¹š®šæš¶š³š¶š°š®šš¶š¼š»š š¼š» ššš¦š§ š„šš¹š²š ā šš¶šæš°šš¹š®šæ š”š¼. š¬šµ/š®š¬š®š±-šš²š»ššæš®š¹ š§š®š šØ š¢ š¦šš®š šš½š±š®šš²š± š¼š» šøš²š šš¦š§ š°šµš®š»š“š²š! šš¼š¶š» š¼ššæ šŖšµš®šššš½š½ š“šæš¼šš½ š³š¼šæ šæš²š®š¹-šš¶šŗš² š»š¼šš¶š³š¶š°š®šš¶š¼š»š š®š»š± š¶š»šš¶š“šµšš. chat.whatsapp.com/BBgnzGPNTvoLuzHjLcuI6m The Ministry of Finance (Department of Revenue), Government of India, has issued Circular No. 09/2025-Central Tax, providing crucial clarifications regarding the interpretation and application of specific provisions under the Central Goods and Services Tax (CGST) Act, 2017. These clarifications aim to address concerns raised by taxpayers and ensure uniform compliance across jurisdictions. [img:SE-txWIBA]
š¹ šš²š šš®š°šøš“šæš¼šš»š±: š The CGST Act, 2017, governs indirect taxation, including tax compliance, refunds, and dispute resolution. š Several taxpayers faced uncertainties regarding the treatment of specific transactions, prompting the need for this clarification. š The government has now issued clear guidelines to ensure consistent interpretation and application of GST rules.
š¹ šš²š šš¹š®šæš¶š³š¶š°š®šš¶š¼š»š š¶š» ššµš² šš¶šæš°šš¹š®šæ: ā šš¹š®šæš¶š³š¶š°š®šš¶š¼š» š¼š» š§š®š š§šæš²š®ššŗš²š»š š¼š³ š¦š½š²š°š¶š³š¶š° š§šæš®š»šš®š°šš¶š¼š»š š¹ Detailed guidance has been provided on the classification and taxability of certain goods/services under GST law. š¹ These clarifications eliminate ambiguity and ensure uniform tax treatment across different regions.
ā š„š²š³šš»š± š®š»š± šš»š½šš š§š®š ššæš²š±š¶š (šš§š) šš±š·ššššŗš²š»šš š¹ Clear instructions have been issued regarding refund eligibility and ITC adjustments in specific cases. š¹ Taxpayers must adhere to these guidelines to avoid disputes and ensure smooth refund processing. ā š£šæš¼š°š²š±ššæš®š¹ šš¼šŗš½š¹š¶š®š»š°š² š³š¼šæ š§š®š š½š®šš²šæš š¹ Businesses must comply with new procedural requirements outlined in the circular to avoid penalties. š¹ The government has provided a detailed framework for compliance to reduce litigation and enhance transparency.
š¢ šŖšµš š§šµš¶š š š®ššš²šæš: ā Ensures clarity and consistency in GST application across businesses. ā Reduces disputes by providing definitive guidance on refunds and ITC claims. ā Helps taxpayers comply with updated procedural requirements to avoid penalties. #GSTUpdate #FinanceMinistry #TaxCompliance
Page created with TweetHunter
Write your own