GST Advisory on RSP Based Valuation of Notified Tobacco Goods Under GST The GST Advisory on RSP Based Valuation of Notified Tobacco Goods Under GST is regarding guidance on how taxpayers must correctly report taxable value and GST liability when goods are taxed on RSP basis instead of Transaction Value. This Guidance applies uniformly for … Read more
GST Advisory on Filing Opt-In Declaration for Specified Premises, 2025 GST Advisory has been issued on Filing Opt-In Declaration for Specified Premises, 2025 dated 04-01-2026. The relevant declarations issued vide Notification No. 05/2025 – Central Tax (Rate), dated 16th January 2025, are now made available electronically on the GST Portal. These declarations may be opted … Read more
GST Advisory on Electronic Credit Reversal and Reclaimed Statement GST Advisory on Electronic Credit Reversal and Reclaimed Statement has been issued on 29-12-2025. GSTN has now informed that negative balances and excess ITC availment will soon be blocked at the system level, and GSTR-3B filing will not be allowed unless discrepancies are corrected. To ensure … Read more
Auto population of Table 3.2 in GSTR-3B effective November 2025 GST Advisory has been issued for Auto population of Table 3.2 in GSTR-3B effective November 2025. Table 3.2 of GSTR-3B shows inter-state supplies made to unregistered persons, composition taxpayers, and UIN holders. These values are auto-populated from GSTR-1, GSTR-1A, and IFF. From the November 2025 … Read more
GST registration is suspended if Bank Details are not added as per Rule 10A CBIC has issued GST Advisory for GST Registration suspended if Bank Details are not added as per Rule 10A.This Advisory issued on 05-12-2025 and have been implemented on the GST portal. As per Rule 10A, taxpayers (except those registered under TCS, … Read more
FAQS on GSTR-9 & 9C for 2024-25 The CBIC has issued GST Advisory on FAQS on GSTR-9 & 9C for 2024-25 dated 04-12-2025. The FAQS are as under: Sr No Query GSTN reply 1 If I paid GST on RCM for FY24 25 in GSTR3B of FY25-26. Should this liability and ITC of RCM be … Read more
GST Adviory on Furnishing of Bank Account Details as per Rule 10A GST Adviory on Furnishing of Bank Account Details as per Rule 10A has been issued regarding bank account details furnishing in GST Registration process. As per Rule 10A, taxpayers (except those registered under TCS, TDS, or suo-moto registrations) must furnish their bank account details … Read more
GST Advisory for Simplified GST Registration Scheme GST Advisory for Simplified GST Registration Scheme has been issued on 01-11-2025.In pursuance of Rule 14A of the Central Goods and Services Tax (CGST) Rules, 2017, a Simplified GST Registration Scheme has been introduced to reduce the compliance burden and enhance the ease of doing business for small taxpayers. As … Read more
GST Advisory on Introduction of Import of goods details in IMS CBIC has issued GST Advisory on Introduction of Import of goods details in IMS. The Invoice Management System (IMS) was introduced on the GST portal from the October 2024 tax period. It enables recipient taxpayers to accept, reject, or keep pending their individual records … Read more
GST Advisory on file pending returns before expiry of 3 years GST Advisory on file pending returns before expiry of 3 years has been issued on 29-10-2025. Earlier GST Advisory has been issued on 29-10-2024 for the intoxication of the filling pending returns before expiry of 3 years from its due date. Further in this … Read more