GST

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Latest GST News, Information, Notifications & Announcements [Period 08/10/22 to 14/10/22]

Yes, if you are eligible for e-Invoicing, all the invoices of B2B and Exports need to be registered. No, there is no time limit for delivery of goods or generation of e-waybill for the e-Invoice. Yes, if you are eligible for e-Invoicing, all the invoices including RCM invoices issued by the Supplier need to be …

Latest GST News, Information, Notifications & Announcements [Period 08/10/22 to 14/10/22] Read More »

New GST Rules: For delay in filing GST monthly transaction return, now penalty up to Rs 10 thousand

4.80 lakh traders of Madhya Pradesh may have to pay a maximum penalty of Rs 10,000 from this month for delay in filling the return of transaction (GSTR-1). Actually, the government has made changes in the Central GST Act. These rules are being implemented from this month. Traders have to give information about the business …

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GST Return Filing: Attention, GST Taxpayers

Attention, GST Taxpayers who are required to Deduct Tax at Source (TDS) under GST! e-Commerce Operators who are required to Collect Tax at Source (TCS) under GST! Manufacturers registered under Central Excise Act, 1944 GST Taxpayers who are not under QRMP Scheme! Important announcement by the Central Board of Indirect Taxes & Customs about filing …

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Taxpayers are frequently receiving notices from the tax department for variance in the amount of ITC availment in GSTR 3B as compared to their respective GSTR 2A/2B

One such change has been recently notified by the government vide Notification No. 14/2022 – Central Tax dated July 5, 2022, in Table 4 of GSTR 3B, meant for Input Tax Credit (ITC) related information. The said changes have been made available on the GST portal since September 1, 2022. In brief, the government has majorly changed the following …

Taxpayers are frequently receiving notices from the tax department for variance in the amount of ITC availment in GSTR 3B as compared to their respective GSTR 2A/2B Read More »

GST PORTAL UPDATE

Latest GST News, Information, Notifications & Announcements [Period 01/10/22 to 07/10/22]

  Error Code Error Category / Form Error Message Why this error comes? Suggested Solution CM-CSCS9020 Application Issue Something seems to have gone wrong while processing your request. Please try again.If error persists quote error number {0} when you contact customer care for quick resolution This error occurs in case of an issue with the …

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GST refund of over Rs 27 crore by creating fake companies; issued bogus bills Rs 238 crore, arrested

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two “non-genuine” firms, an official said on Wednesday. The GST department carried out a special operation against the errant companies …

GST refund of over Rs 27 crore by creating fake companies; issued bogus bills Rs 238 crore, arrested Read More »

Generation of 8.3 crore e-way bills, ₹1,51,718 crore gross GST revenue October 2022

₹1,51,718 crore gross GST revenue collected for October 2022 Second highest collection ever with, next only to the collection in April 2022 Monthly GST revenues more than ₹1.4 lakh crore for eight months in a row, with ₹1.5 lakh crore crossed for the 2nd time since inception of GST September 2022 sees generation of 8.3 …

Generation of 8.3 crore e-way bills, ₹1,51,718 crore gross GST revenue October 2022 Read More »

Do you know, from October 2022 period onwards it is mandatory to file

Do you know, from October 2022 period onwards it is mandatory to file: 1. Previous period GSTR-1 before current period GSTR-1.2. Current period GSTR-1 before current period GSTR-3B. For detailed advisory Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal The Central Government has amended Section 37 & Section 39 of …

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Big Relief for small biz.; Govt sets the ball rolling on decriminalisation of GST Act

Decriminalisation of the Goods and Services Tax Act is on the cards, which would give a big reprieve to small businesses in India, sources told businessline. In what could be a major overhaul of the GST Act in nearly six years after it came into effect, the government is likely to raise the threshold limit …

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Pre-deposit to appeal under old excise, service tax laws to be only in cash: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has said that pre-deposits for appeals in cases related to the erstwhile Central Excise Duty and Service Tax can be made only in cash and not through Electronic Cash Ledger (ECL). Experts feel such a move is to nullify rulings by various High Courts in favour …

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Latest GST News, Information, Notifications & Announcements [Period 25/10/22 to 31/10/22]

GST Portal Issues Advisory on TRAN-1 for Taxpayers from Daman and Diu & Ladakh: The portal clarified that, “Due to reorganization of the state of Jammu & Kashmir and merger of the Union territories of Dadra and Nagar Haveli and Daman and Diu, the taxpayers of Ladakh and earlier ‘Daman and Diu’ region have been …

Latest GST News, Information, Notifications & Announcements [Period 25/10/22 to 31/10/22] Read More »

Challenges the Rs 21,000 crore tax notice by the GST Intelligence

Karnataka-based online gaming platform Gameskraft has challenged the intimation notice of Rs 21,000 crore by the directorate general of Goods and Services Tax (GST) Intelligence. For games that have already been decided as ‘games of skill’ by the courts, the Rs 21,000 crore tax notice on an online gaming company will go nowhere, the High Court of …

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Latest GST Portal Weekly News, Information, Judicial, Notifications & Announcements

Latest GST News, Information, Notifications & Announcements [Period 18/10/22 to 24/10/22]

GSTN issued Advisory on implementation of mandatory mentioning of HSN codes in GSTR-1 w.e.f October-2022 return: (Not No. 78/2020 – Central Tax dated October 15, 2020) It is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover …

Latest GST News, Information, Notifications & Announcements [Period 18/10/22 to 24/10/22] Read More »

Implementation of mandatory mentioning of HSN codes in GSTR-1

Big Alert! From November 1, Taxpayers mention 4-digit HSN codes in GSTR-1

Taxpayers having Turnover up to Rs 5 crore shall mention 4-digit HSN codes in GSTR-1 from 1st November: GST Portal Vide Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis …

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Advisory on Filing TRAN forms for Taxpayers

GST Portal Update: Advisory on Filing TRAN forms for Taxpayers

Advisory on Filing TRAN forms for Taxpayers from Daman and Diu & Ladakh- Due to reorganization of the state of Jammu & Kashmir and merger of the Union territories of Dadra and Nagar Haveli and Daman and Diu, the taxpayers of Ladakh and earlier ‘Daman and Diu’ region have been allotted new GSTINs. There is …

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GSTN Important Advisory on sequential filing of GSTR-1

Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal The Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022 with effect from 01 October, 2022. According to section 37(4) of CGST, Act, a …

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Big Update for Due date of filing GSTR-3B return for September 2022 Extended

Due date of filing GSTR-3B return for September, extended till today (October 22) The GST Implementation Committee of GST Council has approved extension of the due date of filing GSTR-3B return for the month of September 2022, for the monthly filers, from 20th October, 2022 to 21st October 2022. The notification in this regard is …

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