Summary of Extension of Due date for GSTR-3B & Annual Return Two Notifications has been issued for Extension of Due date for GSTR-3B & Annual Return. Notification No 01/2024-CT issued for extension of due date of GSTR-3B for the month of November-2023 and Notification No 02/2024-CT has been issued for extension of due date for … Read more
Government has issued GST Advisory on furnishing bank account details under rule 10A of CGST Act,2017 on 23-01-2024. it is as follow. Mandatory Bank Account Details Submission as per law: All Registered Taxpayers are required under the provisions of CGST Act, 2017 and the corresponding Rules framed thereunder, to furnish details of their bank account/s … Read more
Government has issued GST Advisory on Payment dated 19-01-2024 to facilitate the taxpayer registered under GST with two new facilities of payment under e-payment in addition to net-banking. The two new methods are Cards and Unified Payments Interface (UPI). Cards facility includes Credit Card (CC) and Debit Card (DC) namely Mastercard, Visa, RuPay, Diners(CC only) … Read more
The government has recently added a new feature to the GST Portal, enabling users to make GST Tax payments through BHIM UPI. This comes as an additional option for taxpayers, complementing the existing modes of payment such as Debit Card and Credit Card, which were introduced earlier. For more information on GST tax payments through … Read more
Government has issued GST Advisory on GSTR-1/ IFF on 17-01-2024. As per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new tables Table 14 and Table 15 were added in GSTR-1 to capture the details of the supplies made through e-commerce operators (ECO) on which e-commerce operators are liable to collect tax … Read more
Now taxpayers can make the payment of gst through debit Cards & credit cards. Initially this facility started in 10states /UTS from 05-01-2024. List of states are as under: Rest of India and Banks to be covered soon. This facility is applicable for all Credit cards/ Debit cards powered by Rupay, Master card, Visa and … Read more
Government has issued information regarding e-way bill system advisory on HSN code on 05-01-2024. As per the notification No. 78/2020 –Central Tax, dated 15th October, 2020, it is necessary to provide at least 6 digit HSN code for all the B2B and Export transactions by the taxpayers whose Annual Aggregate Turnover (AATO) is more than … Read more
Government has issued information regarding Blocking generation of e-way bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers on 05-01-2024. E-Invoice has been operationalized since October 2020 for the taxpayers with Annual Aggregate Turn Over (AATO) above Rs. 500 Crores and eventually in a phased manner, E-Invoice generation is made … Read more
In GST Collection December 2023, Gross GST Collection during April to December 2023 period is 14.97 lakh crore. Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection December 2022. GST Revenue Collection Amount₹ Gross GST Revenue Collection December 2023 1,64,882 Crore … Read more
This articles covers the latest gst updates summary January 2024. It contains all the Notifications and Circulars issued in January 2024 which covers all GST Updates summary January 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