GST Revenue Collection January 2025 The Purpose of this Article is to present Comprehensive data on GST Revenue Collection in January 2025. It Covers Key aspects such as Gross Domestic Revenue collection, Gross Import Revenue, Domestic Refund , Import Refund, Net Customs Revenue and Total Net GST Revenue for the Month of January-2025. Additionally, this … Read more
Clarification on Late fee for Delay in filing Form GSTR-9C Government has issued Clarification on Late fee for Delay in filing Form GSTR-9C . Many Taxpayers have asked whether they need to pay late fee if they file the reconciliation statement in Form GSTR-9C after the due date of annual return (GSTR-9). To clarify the … Read more
Certain Clarification on applicability of GST on certain services 1. GST Not applicable on Penal Charges levied by Banks and NBFCs. As per the 55th GST Council ‘s recommendation, no GST is payable on penal charges imposed by banks and NBFCs for loan non compliance under RBI’s 18-08-2023 guidelines. 2. GST Exemption for Payment Aggregator … Read more
Regularization of GST on Co-Insurance Premium Apportionment and Reinsurance Commission CBIC has issued the circular for Regularization of GST on Co-Insurance Premium Apportionment and Reinsurance Commission.The clarification issued based on the 53rd GST Council meeting held on 22-06-2024 provides guidance on the tax treatment on certain insurance related transactions that have been retrospectively added in … Read more
Summary of Biometric Aadhaar Authentication in Tamil Nadu and Himachal Pradesh GST Advisory has been issued for Biometric Aadhaar Authentication in Tamil Nadu and Himachal Pradesh which has been rolled out on 28-01-2025.The new facility has been provided for booking an appointment to visit a GST Suvidha Kendra (GSK) for Biometric-based aadhaar authentication and physical verification … Read more
Deferred Implementation of Hard locking of auto populated liability in GSTR-3B Earlier GST Advisory was issued: To restrict the modification to the auto populated liability in prefilled GSTR-3B from GSTR-1/J1A/IFF. any changes to the auto populated liability were to be addressed through GSTR-1A. However locking of auto populated ITC in GSTR-3B, after roll out of … Read more
Summary of New Option E-way Bill for Gold GST Advisory has been issued for New Option E-way Bill for Gold .A new option that has been introduced in the e-way bill system starting from 20-01-2025 to help the taxpayers in Kerala generate E-way bill for Gold and related goods under chapter 71 of HSN Codes. … Read more
Multiple IRPs for E-invoicing and Dual Portal for E-way Bill This advisory is issued to highlight the alternate mechanisms and business continuity plans available for both the e-Invoice and e-Waybill systems. If you have not integrated these alternate mechanisms into your existing systems or are not currently utilising them, GSTN suggest coordinating with your system … Read more
Notification No 08/2025-CT As per proposal of 55th GST Council meeting, Notification No 08/2025-CT has been issued to waive the late fees for delayed filing of GSTR-9C. This waiver applies to GSTR-9C filed for the FY 2017-18 to 2022-23 and covers late fees exceeding the amount payable under section 47 up to date of furnishing … Read more
Notification No 07/2025-CT The Government has issued Notification No 07/2025-CT in which it used its power under section 164 of CGST Act,2017 has made some changes to CGST Rules 2017. These updated rules will be called the Central Goods and Services Tax (Amendment) Rules,2025. They will take effect from the date they are officially published … Read more