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𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗮𝗻𝗱 𝗙𝗼𝗿𝘄𝗮𝗿𝗱𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗮𝗻𝗱 𝗧𝗮𝘅𝗮𝗯𝗹𝗲 𝗩𝗮𝗹𝘂𝗲 📢 The Tribunal held: "If clearing and forwarding services are provided by the same person under separate agreements, freight forwarding charges must be included in the taxable value for C & F services."

𝗩𝗮𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗮𝗻𝗸 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗳𝗼𝗿 𝗡𝗼𝗻-𝗖𝗼𝗿𝗲 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁𝘀 📢 𝗧𝗵𝗲 𝗚𝗦𝗧𝗡 𝗵𝗮𝘀 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗲𝗱 𝗮 𝗻𝗲𝘄 𝘂𝗽𝗱𝗮𝘁𝗲: Taxpayers making non-core amendments to update bank account details must now undergo a validation process. This update aims to ensure that bank account information added on the GST portal is verified.

𝗚𝗦𝗧 𝗡𝗲𝘄 𝗨𝗽𝗱𝗮𝘁𝗲 𝗼𝗻 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗕𝘂𝘆𝗲𝗿𝘀’ 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 (𝗚𝗦𝗧 𝗥𝗘𝗚-𝟬𝟳) 📢 𝗧𝗵𝗲 𝗚𝗦𝗧𝗡 𝗵𝗮𝘀 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝗱 𝗮𝗻 𝘂𝗽𝗱𝗮𝘁𝗲: Taxpayers buying metal scrap must now comply with new registration guidelines as per 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 25/2024 - Central Tax, dated October 9, 2024. The updated process involves the use of form GST REG-07.

📰 𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗥𝗲𝘁𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗜𝗹𝗹𝗲𝗴𝗮𝗹 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗡𝗼𝘁𝗶𝗰𝗲!

📰 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗼𝗴𝘂𝘀 𝗙𝗶𝗿𝗺 𝗤𝘂𝗮𝘀𝗵𝗲𝗱

📰 𝗞𝗮𝗿𝗻𝗮𝘁𝗮𝗸𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗥𝘀. 𝟮𝟭,𝟬𝟬𝟬 𝗖𝗿𝗼𝗿𝗲 𝗚𝗦𝗧 𝗗𝗲𝗺𝗮𝗻𝗱 𝗤𝘂𝗮𝘀𝗵𝗲𝗱 𝗳𝗼𝗿 𝗢𝗻𝗹𝗶𝗻𝗲 𝗚𝗮𝗺𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

📰 𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗦𝗲𝘁𝘀 𝗔𝘀𝗶𝗱𝗲 𝗚𝗦𝗧 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗢𝗿𝗱𝗲𝗿 𝗙𝗼𝗿 𝗟𝗮𝗰𝗸 𝗢𝗳 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰𝗶𝘁𝘆

💰 Good News! Health and Life Insurance Could Get a Little Cheaper! 🎉 The Indian government is considering reducing the Goods and Services Tax (GST) on certain types of insurance, potentially making it a bit more affordable for you! 🙌

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗢𝗰𝗲𝗮𝗻 𝗙𝗿𝗲𝗶𝗴𝗵𝘁 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸-𝘂𝗽 𝗖𝗵𝗮𝗿𝗴𝗲𝘀 📢 The Tribunal held: "Service tax cannot be levied on ocean freight, air freight, or the mark-up received by the appellant from freight charges during the disputed period."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗗𝗼𝘂𝗯𝗹𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗗𝗲𝗺𝗮𝗻𝗱 𝗮𝗻𝗱 𝗦𝗘𝗭 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 📢 The Tribunal held: "Service tax cannot be demanded twice on the same service, even if the liable party did not pay it, but another party did. Services provided to SEZ are exempt from service tax."