Summary of GST Advisory on Additional FAQS on Invoice Management System Government has issued GST Advisory on Additional FAQS on Invoice Management System on 17-10-2024. Invoice Management System (IMS) is now available to taxpayers. This new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct … Read more
Summary of GST Advisory on GSTR-9 and 9C Starting FY 2023-24, GST system will auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3(I) of GSTR-2B to table 8A of GSTR-9. These changes in GSTR-9 and 9C for the FY 2023-24 will be available on the GST portal from today … Read more
Summary of GST Advisory on Applicability of Invoice Management System Invoice Management System (IMS) is made available to taxpayers from Today, 14th Oct, 2024. The new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC). Taxpayers can make use of this … Read more
Introduction of Registration Facility for TDS u/s 51 of GST Act for Scrap Dealers GST Advisory has been issued for the Introduction of Registration Facility for TDS u/s 51 of GST Act for Metal Scrap Dealers on 13-10-2024. The government issued Notification 25/2024-Central Tax, on October 9, 2024. under GST Section 51 of the CGST … Read more
Summary of GST Advisory on Proper Entry of RR No./Parcel Way Bill (PWB) Numbers in EWB system Post EWB-PMS Integration GST Advisory has been issued for Proper Entry of RR No./Parcel Way Bill (PWB) Numbers in EWB system Post EWB-PMS Integration dated 04-10-2024. It is related to the Parcel Management System (PMS) of Indian Railways … Read more
Summary of Introduction of GSTN e-Services App Government has introduced GSTN e-Services App to replace the e-Invoice QR Code Verifier App Shortly. The Advisory are as under: GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App. This app offers the following features: Verify e-Invoices: Scan … Read more
Summary of Restoration of GST Returns data on Portal GST Advisory on Restoration of GST Returns data on Portal has been issued on 29-09-2024. The Government has advised that return data on the common portal will be archived after 7 years, as part of their data archival policy. This archiving happens every month. For example, … Read more
Summary of the Validity of Notice/orders without digital signature of authority GST Advisory has been issued for Validity of Notice/orders without digital signature of authority dated 26-09-2024.There is some confusion about whether documents like Show cause notices or orders issued by tax officers through the GST Common portal are valid if they don’t have digital signature … Read more
Summary of GST Advisory on Archival of GST Returns data on GST portal GST Advisory has been issued on Archival of GST Returns data on GST portal dated 24-09-2024. The Government has introduced archival policy related to data retention on GST Portal. From 01-10-2024 as per new rule by the Notification No 28/2023, taxpayers will … Read more
Frequently Asked Questions on IMS GST Advisory has been issued on Frequently Asked Questions on IMS dated 22-09-2024.This contains guidelines to establish the invoice Management system on the Portal which is applicable from 01-10-2024.It shall be available to the taxpayers for taking actins on the received invoices/records from 14-10-2024 onwards. This system helps make matching … Read more