Government has issued GST Advisory for HSN Code Reporting in e-Invoice on IRPs Portal which are as under. 1. We would like to bring to your attention notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of six-digit valid … Read more
Government has issued GST Advisory for person wishing to register as “one person company” in GST. As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is defined as a company which has only one person as member. Some issues have been raised by the persons registering as ‘One Person Company’ … Read more
Government has issued GST Advisory for GST Portal to accept the Negative Value of ITC in Table 4A of GSTR-3B from January-2023 onwards. All the impact of credit notes as well as amendments will be considered in Table 4A from now onwards instead of Table 4B of GSTR-3B Introduction of Negative Values in Table 4 … Read more
Those tax payers, who have submitted their TRAN Forms but have not filed it, are not able for GSTR-3B filling. GSTN Advisory issued for tax payers facing issue in filling GSTR-3B They are advised to raise a Grievance on the portal. According to Hon’ble Supreme Court’s directive filing of TRAN forms was made available for … Read more
GSTN advisory on initiating Automated Drop Proceedings for suspended GSTN has been issued. Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is available for the taxpayers who have filed their pending returns i.e. 6 monthly or 2 Quarterly returns. If such … Read more