Notification No. 12/2024 (10 July 2024): From September 2024, if a supply’s value is above Rs. 1 lakh, it must be reported in GSTR-1’s Table B2CL.
Notification No. 12/2024 (10 July 2024): Taxpayers can now report negative liability in GSTR-3B’s Table No. 3. The negative liability will be automatically adjusted in the next month’s return, making the reconciliation process smoother.
Blocking of GSTR-1 for Non-Furnishing of Bank Account Details: From 1st September 2024: If you haven’t added and validated your bank account details in your GST registration, your GSTR-1 /IFF will be blocked.
GSTR-9 and GSTR-9C: Forms GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) will be active on the GST portal.
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