This has reference to the facility for re-filing of GSTR-3B for some of the taxpayers. It was noticed that there were discrepancies in the returns of some taxpayers during the filing process between the saved data in the GST system and actually filed data in the fields of ITC availment and payment of tax liabilities. … Read more
GST Portal has enabled a new feature where the tax payers can import HSN data in GSTR-1 from E invoices. These will help the tax payers in importing all HSN data where e-invoices were generated. If tax payers have only B2B supplies then it will save his time for HSN data entry. Read more article
Government has issued GST Advisory on Self Enablement for E-Invoicing datd 03-04-2024. If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards For those who meet the notification criteria but have not yet been enabled … Read more
Extension of due date to file GSTR-1 of March-2024 Notification No 09/2024 issued for extension of due date to file GSTR-1 for the month of March-2024. Return Month Actual Due date Extended Due date Effective from GSTR-1 March-2024 11-04-2024 12-04-2024 11-04-2024 Download – Notification No 09/2024
Guidelines for Business Friendly Investigations The Government has issued Instruction related to Guidelines for Business Friendly Investigations on 30-03-2024.This instruction is regarding CGST Fileld formations when conducting investigations involving regular taxpayers while maintaining ease of doing business. The Guidelines are as under: Responsibility of Principal Commissioner: The Principal Commissioner in the designated jurisdiction is responsible … Read more
GST Collection March 2024 records 11.5% y-o-y growth (18.4% on net basis) Gross GST revenue March 2024 witnessed the second highest collection ever at 1.78 lakh crore. Here the GST revenue Collection 2024 is compared with the same month of last year. That means, it is compared with GST Collection March 2023. GST Revenue Collection … Read more
CBIC has issued GST Instruction on investigation by Instruction No.01/2023-24-GST Dated 30-03-2024 to officer. The CBIC has issued guidelines to GST officers for carrying out enforcement actions to maintain consistency. These guidelines cover the process of initiating investigations and specify the approval needed from designated officers before starting such activities. They also emphasize the importance … Read more
This articles covers the latest gst updates summary March 2024. It contains all the Notifications and Circulars issued in March 2024 which covers all GST Updates summary March 2024. 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 … Read more
It is informed to all taxpayers that as per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new Table 14A and Table 15A have been introduced in GSTR-1 to capture the amendment details of the supplies made through e-commerce operators (ECO) on which e-commerce operators are liable to collect tax under section … Read more
Government has issued GST Advisory on Integration of e-way bill system with New IRP Portals dated 08-03-2024. GSTN is pleased to announce the successful integration of E-Waybill services with four new IRP portals via NIC, enabling taxpayers to generate E-Waybills alongside E-Invoicing on these four IRPs. This new facility complements the existing services available on … Read more