GST Collection July 2023 has exceeded Rs. 1.6 lakh crore for 5th time since inception of GST GST Collection July 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection July 2022. GST … Read more
The concept of GST E-Invoice has been introduced by Government to make all invoice in digital form and for ease to access in 2019 by the Notification No.70/2019 – Central Tax dated 13-12-2019. Afterwards such notification was rescinded and Notification No.13/2020-central tax dated 21-03-2020 has come. By this notification provision of E -Invoicing will be … Read more
Government has issued GST Advisory 2023 on e-Invoice Exemption Declaration Functionality Now Available. GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now live on the e-Invoice portal. This functionality is specifically designed for taxpayers who are by default enabled for e-invoicing but are exempted from implementing it under the CGST … Read more
This article covers all Recommendations of 50th GST Council Meeting 2023 held on 11th July, 2023 at New Delhi. The GST Council Meeting has met 50 times since its constitution, and many important decisions were taken in this 50th GST Council meeting. Last GST council meeting held in new Delhi on 18th February,2023. This 50th GST … Read more
On 07-07-2023, Government has issued GST Updates 2023 regarding Geocoding Functionality for all states and Union Territories. GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of a location into geographic … Read more
GST Collection June 2023 has crosses 1.6 lakh crore for 4th time since inception of GST. GST Collection June 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection May 2022. GST Revenue … Read more
This articles covers the latest gst updates summary June-2023. It contains all the Notifications and Circulars issued in June-2023 which covers all GST Updates June-2023. 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 each topic. As well … Read more
Government has issued GST Advisory 2023 related to Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B). It is informed that GSTN has developed a functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council. This feature is now live … Read more
Government has issued GST Advisory 2023 on Update on Enablement status for Taxpayers for e-invoicing. It is to inform that as per Notification No. 10/2023 – Central Tax dated 10th May 2023, the threshold for e-Invoicing for B2B transactions has been lowered from 10 crores to 5 crores. This change will be applicable from 1st … Read more
Government has issued GST Advisory 2023 on E- Invoice verifier application. The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your convenience E-Invoice … Read more