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
GST Collection September 2024 is Rs.1,73,240 Crore. Here the GST revenue Collection 2024 is compared with the same month of last year. That means, it is compared with GST Collection September 2023. GST Revenue Collection Amount ₹ Gross GST Revenue Collection September 2024 1,73,240 Crore Gross GST Revenue Collection September 2023 1,62,712 Crore GST Collection … Read more
Summary of Notification No 19/2024 Notification No 19/2024 states that, from 01-04-2025, the authority under section 171(2) will not accept any request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods … Read more
Summary of Notification No 18/2024 Notification No 18/2024 Provides that from 01-10-2024, the matters related to anti-profiteering will be examined and adjudicated by the Principal Bench of the GST Appellate Tribunal (GSTAT). Additionally, the government is given the power to notify other types of cases that will be heard exclusively by the Principal Bench of … 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 Notification No 17/2024 Notification No 17/2024 specifies the applicability of the sections that are either newly inserted or amended as proposed in Finance (No.2) Act 2024. The Government has specified the dates on which the provisions of these sections,proposed in Finance (No.2) Act 2024, will come in to effect. Section of Finance (No. … 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