JainCBIC mandates ITC reconciliation in GSTR-9 from GSTR-2B instead of GSTR-2A, effective FY 2023-24 onwards. Ensure compliance with the updated guidelines. #GSTR9 #GSTUpdate #ITCReconciliation #TaxCompliance #GST2024 #CBIC #ITC #TaxUpdates
From 10th Oct 2024, Reverse Charge Mechanism (RCM) applies when registered tenants rent commercial property from unregistered landlords. Tenants will now be responsible for paying GST under this rule.
#GSTUpdate #RCM #TaxCompliance #GST2024 #CommercialRent #TaxUpdate #Business
Francisco J. Velázquez-G.