GST Updates Summary June-2023

This articles covers the latest gst updates summary June-2023. It contains all the Notifications and Circulars issued in June-2023 which covers all GST Updates June-2023. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well as, I have given our own analysis wherever it is necessary.

Due dates of GSTR-1, GSTR-3B & GSTR-7 extended in state of Manipur

The Registered person whose place of business is in the state of Manipur, have extension in furnishing return for Outward supply, TDS return and GSTR-3B for the month of April-2023 & May-2023.

Type of ReturnDue dateExtension in Due dateNotification Effective from
GSTR-111-05-2023 & 11-06-202330-06-202331-05-2023
GSTR-3B20-05-2023 & 20-06-202330-06-202331-05-2023
GSTR-710-05-2023 & 10-06-202330-06-202331-05-2023

Due dates of GSTR-3B in State of Gujarat for specified Districts has been extended

The Registered person whose principal place of business is in the Districts of Kutch, Jamnagar, Morbi, Patan, Banaskantha in the state of Gujarat have extension in furnishing return GSTR-3B for the month of May-2023 till 30th June, 2023.

Guidelines for processing of applications for registration

Issue at HandFake GST registrations leading to fraudulent activities and revenue loss.
Modus OperandiMisuse of identities (PAN, Aadhaar). – Forged documents (electricity bills, etc.). – Creating fake identities. – Exploiting economically weaker sections.
Response: Special DriveCoordinated action by Central and State tax authorities against fake registration
Scrutiny of Documents and InformationChecking for completeness, correctness, relevance, and authenticity of uploaded documents and applicant details.
Risk Rating and AnalysisUsing risk ratings for applications and cross-verifying data for suspicious cases.
Previous Registrations CheckChecking if PAN has previous registrations, cancellations, or rejections.
Deficient ApplicationsIssuing notices for deficiencies and seeking
Verification ProcessPhysical verification initiated if Aadhaar authentication is missing or insufficient
Timely Action and ReportingStrict timelines for issuing notices, physical verifications, and reporting on registrations.
Supervision and AccountabilityPrincipal Chief Commissioner/ Chief Commissioner responsible for overseeing processing and taking corrective actions promptly.
Post-Approval ActionsConducting physical verifications post-registration in suspicious cases to verify authenticity.
Remedial MeasuresTaking immediate action on non-existent or fictitious registrations.
Overall GoalThorough verification to prevent fake registrations and curb
revenue losses

This summary encapsulates the key points from the provided text in a simplified format, focusing on the issue, response, verification process, risk analysis, accountability, and post-approval actions.

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