{"id":10016,"date":"2024-08-03T10:09:26","date_gmt":"2024-08-03T09:09:26","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=10016"},"modified":"2024-08-03T10:09:34","modified_gmt":"2024-08-03T09:09:34","slug":"advisory-in-respect-of-changes-in-gstr-8","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/advisory-in-respect-of-changes-in-gstr-8\/","title":{"rendered":"Advisory in respect of Changes in GSTR 8"},"content":{"rendered":"<p align=\"justify\">GSTN has issued an advisory  dated 02.08.2024 in respect of Changes in GSTR 8.\n  <\/p>\n<p align=\"justify\">Please refer to the GST  Council decision to the effect that TCS rate has been reduced from the current  1% (0.5% CGST + 0.5% SGST\/UTGST, or 1% IGST) to 0.5% (0.25% CGST + 0.25%  SGST\/UTGST, or 0.5% IGST) effective from 10\/07\/2024 vide Notification No.  15\/2024 dated 10.07.2024.\n  <\/p>\n<p align=\"justify\">Thus, the following  important aspects regarding the TCS rates effective from 10.07.2024 are to be  noticed:\n  <\/p>\n<p align=\"justify\">1. Period from  1st July to 9th July 2024:<\/p>\n<ul>\n<li>During this period, the old TCS rate of&nbsp;1%&nbsp;will continue  to apply. Taxpayers are required to collect &amp; report TCS at this rate for  all transactions happened between these dates.  <\/li>\n<\/ul>\n<p>    2. From 10th  July 2024 onwards:<\/p>\n<ul>\n<li>A revised TCS rate of&nbsp;0.5%&nbsp;will come into effect from  10th July 2024. Taxpayers must ensure their systems and processes are updated  to reflect this new rate for all transactions happened from 10th July forward.<\/li>\n<\/ul>\n<p align=\"justify\">Further, as few taxpayers have  reported validation error while filing GSTR-8 for the month of July 2024, it is  to inform that GSTN team is working on the changes announced by GST Council in  respect of GSTR 8, is expected to be complete in next couple of days, and users  would be able to file returns from 06th August 2024 midnight onwards. Any  inconvenience caused in this regard is regretted. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>2024\/08\/0308.png<\/p>\n","protected":false},"author":1,"featured_media":10017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/10016"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=10016"}],"version-history":[{"count":2,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/10016\/revisions"}],"predecessor-version":[{"id":10019,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/10016\/revisions\/10019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/10017"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=10016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=10016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=10016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}