Facility of enrolment for supply of goods through ....
GST Portal Updated dated 12-Oct-2023 In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the CGST Act even if they supply goods through e-commerce operators (ECO). GSTN has developed the necessary functionality for enrolment of unregistered persons and the same is available on the p
Facility for the e- commerce operators through who....
GST Portal Update dated 12-Oct-2023 GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers. The APIs are for validating the demographic details of the said suppliers and also for use in tracking and reporting supplies by such persons. The details of the APIs are as f
Geocoding Functionality for the Additional Place o....
GSTIN Update Dated: 19-09-2023 GSTN is pleased to inform that the geocoding functionality for the "Additional Place of Business" address is now active across all States and Union Territories. This builds upon the geocoding functionality earlier implemented for the principal place of business, operational since February 2023. Here is a brief guide on how to utilize this feature:
Advisory on New Time limit for Reporting of Invoic....
It is to update the taxpayers that it has been decided by the GST Authority to impose a time limit of 30 days for reporting of invoices from date of invoice, on e-invoice portals. This time limit is applicable for taxpayers with AATO greater than or equal to 100 crores. Hence, the taxpayers in this category will not be allowed to report invoices older than 30 days on the date of reporting. Please note that this restriction will apply to the all document types for wh
Introducing Electronic Credit Reversal and Reclaim....
GSTIN Update Dated: 31-08-2023 “Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 (read with circular 170/02/2022-GST, Dated 6th July,2022), the Government introduced certain changes in Table 4 of Form GSTR-3B so as to enable the taxpayers in reporting correct information regarding ITC availed, ITC reversal, ITC re-claimed and ineligible ITC. The re-claimable ITC earlier reversed in Table 4(B)2 may be subsequently claimed
E-way Bill Update: New HSN Code requirements effec....
As per the Notification No. 78/2020 dated 15th Oct 2020, the tax payers, having Aggregate Annual Turnover (AATO) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Way bills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills. Most of the tax payers are already following this, other tax payers are requested to adapt to the change and comply by the due date. This will be made Manda
Reduction in Monetary Limit for Issuing E-Invoice ....
Notification No. 10/2023-Central Tax dated 10-May-2023 The taxpayers having aggregate turnover exceeding Rs. 5 crores are required to generate E-Invoice w.e.f. 1st of August 2023. Earlier the turnover limit for issuing E-Invoice for the taxpayers was 10 crores which had been provided vide Notification 17/2022 – Central Tax dated 01-08-2022. Thus, all the taxpayers having aggregate turnover exceeding 5 crores in any of the preceding FY begin
Facility to opt for the payment of tax under Forwa....
Notification No. 05/2023-CT(R) dated 09-May-2023 As per Notification No. 03/2022-CT(R), the rate of tax on GTA services had been rationalized and an option to pay the tax under forward charge @ 5% or 12% [CGST + SGST] has been provided to GTA service provider. This option by GTA to itself pay GST on the services supplied by it during a Financial Year must be exercised by making a declaration in Annexure V on or before the 15th March of the preceding Financ
Transfer of Electronic Cash Ledger balance from on....
GST Portal Update The option to transfer the amount in the Electronic Cash Ledger from one GSTIN to another GSTIN having the same PAN through Form GST PMT-09 has been made effective on GST Portal. This has been made to comply with Rule 87(14) of CGST Rules, 2017 which provides that a registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electron
Mandatory reporting of Six digit HSN Code on Invoi....
Advisory: GST E-Invoice System As per the Notification No.78/2020 – Central Tax dated 15th October, 2020 , it is mandatory for the taxpayers to mention 6-digit HSN Codes for their outward supplies having AATO more than Rs 5 Crores. After a few weeks of time , e-Invoice System will not accept 4-digit HSN codes. The date for blocking e-Invoice
New Functionalities made available on GST Portal r....
Label change in Statement 1 of RFD 01 for Refund on account of ITC accumulated due to Inverted Tax: In terms of the notification 14/2022, dated 05.07.2022 the column “Tax payable on such inverted rated supply of goods and services “ has been substituted with “Tax payable on such inverted rated supply of goods and services * (Net ITC/ITC availed on inputs and input services)” in statement 1 of Form GST RFD-01 filed for refun
New Functionalities made available on GST Portal r....
Re-compute Interest button in Table 5.1 of Form GSTR-3B: It enables the taxpayers to re-compute interest in case they feel there is any discrepancy in the system computed interest. Enabling validation at 4 digit HSN declaration in Table-12 of GSTR-1: Taxpayers with AATO up-to Rs.5 crores have to mandatorily enter minimum 4 digits of HSN. A warning message shall be displayed if less than 4 dig
New Functionalities made available on GST Portal r....
Automation of Drop Proceedings for taxpayers whose registration suspended upon issuance of SCN in Form GST REG17. The registration of a taxpayer is suspended on the portal if they do not file six or more consecutive monthly returns /quarterly returns (QRMP) for two tax periods in Form GSTR 3B and are issued with a system generated notice for cancellation in Form GST REG-17. This was implemented on the portal
Extension of time limit for furnishing of GSTR-1 f....
Notification No. 25/2022-Central Tax dated 13-12-2022 The time limit for furnishing the details of outward supplies in FORM GSTR-1 for the tax period November, 2022, for the registered persons required to furnish return under sub-section (1) of section 39 of the said Act whose principal place of business is in the districts of Chennai, Tiruvallur, Chengalpattu, Kancheepuram, Tiruvannamalai, Ranipet, Vellore, Villupuram, Cuddalore, Thiruvarur, Nagapattinam, Mayiladut
GST Compliance Calendar - December 2022....
Statutory Due Date Type of Return/ Form Period Type of Taxpayer 10-12-2022 GSTR-7 November 2022 TDS Deductor 10-12-2022 GSTR-8 November 2022 E-C
CBIC empowers Competition Commission of India to d....
Notification No. 23/2022-Central Tax and Notification No. 24/2022-Central Tax both dated 23-11-2022 CBIC vide Notification No. 23/2022-Central Tax dated 23-11-2022, has empowered Competition Commission of India established under section 7(1) of the Competition Act, 2002, to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or bot
Effect provided in GSTR-9 to be filed for FY 2021-....
CBIC has come up with Notification No. 22/2022-Central Tax dated 15-11-2022, making the changes in Form GSTR-9 to be filed for the FY 2021-22 relating to the effect of amendment in provisions of the time limit for availing ITC and making amendments in GST returns till November 2022. For FY 2021-22, Part V of GSTR-9 shall contains the details of particulars of transactions for the previous financial year but declared in the Returns for the period April, 2022 to October, 2022 fi
Sequential Filling of GSTR-1 & Filling of GSTR-1 b....
The Central Government has amended Section 37 & Section 39 of CGST Act 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022 with effect from 01 October, 2022. According to section 37(4) of CGST, Act, a taxpayers shall not be allowed to file GSTR-1 if previous GSTR-1 is not filed and as per sec 39(10) a taxpayer shall not be allowed to file GSTR-3B if GSTR-1 for the same tax period is not filed. These changes are being
CBDT Proposes to Introduce Common Income Tax Retur....
CBDT proposes to introduce a common ITR by merging all the existing returns of income except ITR-7 as the current ITRs are in the form of designated forms wherein the taxpayer is mandatorily required to go through all the schedules, irrespective of the fact whether that particular schedule is applicable or not and this increases the time taken to file the ITRs. The current ITR-1 and ITR-4 will continue. This will give an option to such taxpayers to file the return e
Notified amendment in time limit for availing ITC,....
Finance Act, 2022 provided for following changes in CGST Act, 2017 relating to amendment in time limit for availing ITC, issuing credit notes and the last date of making amendments in GSTR-1 and GSTR-3B. These changes have been made applicable vide Notification 18/2022-CT dated 28-09-2022 w.e.f. 1st October 2022. S. No.
Opening of GST Common Portal for filing transition....
In case of UOI versus Filco Trade Centre Pvt Ltd bearing SLP (C) nos. 32709-32710/2018, Honorable Supreme Court directed GSTN to open the GST common Portal for availing Transitional Credit through TRAN-1 and TRAN-2. In order to comply with the Order of Supreme Court, GSTN would open the common portal for filing transitional credit through TRAN-1 and TRAN-2 w.e.f. 01/10/2022 to 30/11/2022. CBIC vide Circular No. 180/12/2022-GST dated 09-09-2022 clarified that the applicant may
Reduction in monetary limit for issuing E-Invoice ....
The taxpayers having aggregate turnover exceeding Rs. 10 crores are required to generate E-Invoice w.e.f. 1st of October 2022 earlier the turnover limit for issuing E-Invoice for the taxpayers was 20 crores which have been amended vide Notification 17/2022 – Central Tax dated 01-08-2022. Thus, all the taxpayers having aggregate turnover exceeding 10 crores in any of the preceding FY beginning from 2017-18 to FY 2021-22 is required to issue e-invoice.
Time Limit to avail ITC for FY 2021-22....
As per Section 16(4) of the CGST Act, 2017, a registered person shall not be entitled to take the input tax credit in respect of any invoice or debit note for the supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of the financial year to which such invoice or debit note pertains or furnishing of the relevant annual return, whichever is earlier. Correspondingly, the taxpayers need to be cau
