Government has issued GST Advisory on furnishing bank account details under rule 10A of CGST Act,2017 on 23-01-2024. it is as follow. Mandatory Bank Account Details Submission as per law: All Registered Taxpayers are required under the provisions of CGST Act, 2017 and the corresponding Rules framed thereunder, to furnish details of their bank account/s … Read more
Government has issued GST Advisory on Payment dated 19-01-2024 to facilitate the taxpayer registered under GST with two new facilities of payment under e-payment in addition to net-banking. The two new methods are Cards and Unified Payments Interface (UPI). Cards facility includes Credit Card (CC) and Debit Card (DC) namely Mastercard, Visa, RuPay, Diners(CC only) … Read more
Government has issued GST Advisory on GSTR-1/ IFF on 17-01-2024. As per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new tables Table 14 and Table 15 were added in GSTR-1 to capture the details of the supplies made through e-commerce operators (ECO) on which e-commerce operators are liable to collect tax … Read more
Now taxpayers can make the payment of gst through debit Cards & credit cards. Initially this facility started in 10states /UTS from 05-01-2024. List of states are as under: Rest of India and Banks to be covered soon. This facility is applicable for all Credit cards/ Debit cards powered by Rupay, Master card, Visa and … Read more
Government has issued information regarding e-way bill system advisory on HSN code on 05-01-2024. As per the notification No. 78/2020 –Central Tax, dated 15th October, 2020, it is necessary to provide at least 6 digit HSN code for all the B2B and Export transactions by the taxpayers whose Annual Aggregate Turnover (AATO) is more than … Read more
Government has issued information regarding Blocking generation of e-way bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers on 05-01-2024. E-Invoice has been operationalized since October 2020 for the taxpayers with Annual Aggregate Turn Over (AATO) above Rs. 500 Crores and eventually in a phased manner, E-Invoice generation is made … Read more
Government has issued GST Advisory for online GTA declaration on the portal for the GTA taxpayers dated 01-01-2024.
Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based on data analysis and risk parameters for Biometric-based Aadhaar Authentication and document verification for GST registration by taking photograph of the applicant along with the verification of the original copy of the … Read more
GSTN is introducing Two factor authentication (2FA) for taxpayers to strengthen the login security in GST portal. The pilot rollout has been done for a state of Haryana and working seamlessly. Currently, 2FA will be rolled out for Punjab, Chandigarh, Uttarakhand, Rajasthan and Delhi in 1st phase. In 2nd phase, it is planned to be … Read more
Government has issued GST Advisory on GST Amnesty for taxpayers who missed appeal filing and the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023. Amnesty for Taxpayers: The GST Council, in its 52nd meeting, recommended granting amnesty to … Read more