GST Update – March 2023-24
Issue: 03/2023-24
In line with the recommendations of the GST Council in its 50th meeting, the Central Board of Indirect Taxes & Customs (CBIC) issued multiple circulars on 17th July 2023 providing clarifications on various issues ranging from Cross Charge Vs ISD, Interest on wrong availment ofIGST credit, GSTR-2A/ GSTR-3B ITC differences for 1st April 2019 to 31st December 2021, Taxability of warranty replacement etc. Aforesaid circulars have been summarized in this Update.