This compact SUV is powered by a 2.0-litre 4-cylinder that is capable of going from 0 to 60 in just 4.8 seconds. Rule 37A of GST also provides relaxation to buyers who genuinely have missed claiming their ITC due to the fault of the supplier. Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3B for the said period has not been furnished by their supplier till the 30th day of September following the end of financial year in which the Input Tax Credit in respect of such invoice or debit note had been availed. The recipient would have initially claimed the ITC appearing in GSTR-2B through Table 4 (A)(5) of Form GSTR-3B. If CGST Rule 37A gets attracted, they must reverse such claimed ITC by reporting it in Table 4(B)(2) of Form GSTR-3B.

On our more recent radios, channel 37a will display as channel 1037. This is due to the reallocation and expansion of some VHF simplex channels, don't worry it works in exactly the same way as before. The taxpayers may get confused about the tax periods for GSTR-3B being referred by the rule. Hence, we can go by the government's clarification when it revised the annual time limit to claim ITC to 30th November of the year following the financing year. This 4-door, mid-size luxury SUV can either be powered by a 3-litre 6-cylinder engine or a 4.4-litre V8 engine. It received a full 5-star safety rating from Euro NCAP.Choosing a car in a lower insurance group will help to reduce the price of your premium, but that’s not the only way. menuItems":[{"label":"What is insurance group 37?","anchorName":"#what-is-insurance-group-37"},{"label":"Car makes and models in insurance group 37","anchorName":"#car-makes-and-models-in-insurance-group-37"},{"label":"Cars in insurance group 37 and the average cost by driver's age","anchorName":"#costs"},{"label":"Why are cars in group 37 more expensive?","anchorName":"#why-are-cars-in-group-37-more-expensive"},{"label":"What other factors affect my car insurance premium?","anchorName":"#factors"},{"label":"How can I save on my car insurance premiums?","anchorName":"#how-can-i-save-on-my-car-insurance-premiums"},{"label":"Frequently asked questions","anchorName":"#frequently-asked-questions"}]} What is insurance group 37? Rule 37A of GST was added to the CGST Rules on 26th December 2022 vide the CBIC notification 26/2022. It shall apply for invoices or debit notes raised on or after 27th December 2022, when this notification got published in the official gazette. They can re-claim reversed ITC even after the time limit given above if the corresponding supplier-

All vehicles you see on the road have been assigned an insurance group from 1 (cheapest) to 50 (most expensive), with cars in insurance group 37 falling on the more expensive side. This categorisation helps insurers calculate the cost of your car insurance premiums. Introduction: On November 14, 2023, Team GSTN issued crucial information regarding Input Tax Credit (ITC) reversal obligations under Rule 37(A) of the CGST Rules, 2017. This guide aims to elucidate the requirements, deadlines, and steps involved in complying with Rule 37(A). Reversal Deadline and Legal Obligation: Taxpayers are obligated to reverse the mentioned ITC while filing GSTR-3B on or before the 30th day of November following the end of the financial year. This legal obligation ensures timely compliance with the rule. The said amount of ITC is required to be reversed by such taxpayers, while furnishing a return in FORM GSTR-3B on or before the 30th day of November following the end of such financial year, as part of this legal obligation. If you (buyer) file a quarterly GSTR-3B under the QRMP scheme-GSTR-3B of the quarter ending September of the year after the financial year where the supplier is a quarterly filer. E.g., July-September 2023 quarter for FY 2022-23.Don’t use your car all of the time. Motorists with a lower annual mileage tend to face lower charges to insure their vehicles. HP Inc UK Limited is authorised and regulated by the Financial Conduct Authority (FCA FRN 973346) and acts as a credit intermediary and not a lender, offering credit products provided by a limited number of finance providers. Such credit products may not be suitable for everyone. Borrowing more than you can afford or paying late may negatively impact your financial status and ability to obtain credit. Action Required by Taxpayers: Taxpayers who have availed ITC subject to Rule 37(A) are advised to take note of the communicated ITC amount. They must ensure timely reversal before November 30, 2023, by reporting the reversed amount in Table 4(B)(2) of GSTR-3B during filing.