Major GST Compliance Update w.e.f. 1st November 2024
New Compliance Update: Rule 47A for Self-Invoicing under Reverse Charge Mechanism (RCM) – Effective 1st November 2024 Starting from 1st November 2024, a new compliance rule, Rule 47A, mandates a 30-day time limit for issuing self-invoices under the Reverse Charge Mechanism (RCM) for all GST-registered recipients. …
