Notification No 08/2024 Extension of Special Procedure CBIC has issued Notification No 08/2024 Extension of Special Procedure to be followed by registered person engaged in manufacturing of goods specified in Schedule of Notification. Earlier government has issued Notification 04/2024 Central Tax dated 05-01-2024 to specify the special procedure to be followed by registered persons engaged … Read more
GST Collection April 2024 breach landmark milestone of Rs.2 Lakh Crore Gross GST revenue records 12.4% y-o-y growth and net revenue (after refunds) stood at Rs.1.92 lakh crore with 15.5% y-o-y growth. Here the GST revenue Collection 2024 is compared with the same month of last year. That means, it is compared with GST Collection … Read more
Government has issued an important GST Update on Enhancement in the GST Portal dated on 26-04-2024. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to … Read more
Government has updates on extension of due date for GSTR-1 for the month of March-2024 dated 11-04-2024. GSTN has noticed that taxpayers are facing difficulties in filing GSTR-1 intermittently since yesterday due to technical issues leading to slow response on the portal. GSTN has accordingly recommended to CBIC that the due date for filing of … Read more
Government has issued GST Advisory on Auto-populate the HSN summary from e-Invoices into Table 12 of GSTR-1 dated on 09-04-2024. GSTN is pleased to inform that a new feature to auto-populates the HSN-wise summary from e-Invoices into Table 12 of GSTR-1 is now available on the GST portal. This allows for direct auto-drafting of HSN … Read more
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