BUSINESSES GST

Weekly Taxation Newsletter from 15th May, 2022 to 22nd May, 2022 E-Newsletter latest Due Dates, Notifications, Case Laws

We are delighted to share our 75th E-Newsletter “Weekly Taxation Newsletter” dated 23rd May, 2022 from 15th May, 2022 to 22nd May, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, …

Weekly Taxation Newsletter from 15th May, 2022 to 22nd May, 2022 E-Newsletter latest Due Dates, Notifications, Case Laws Read More »

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Breaking: Government Suspends Two GST Officials For Illegal Detention Of Chartered Accountants

On 23rd May 2022, Union Minister Smt. Nirmala Sitharaman held a meeting with ICAI delegation in Gurugram GST refund case. CBIC has tweeted the updates of meeting as under: Smt @nsitharaman held a meeting with @theicai delegation, led by VP Shri Aniket Sunil Talati. The MoF had invited the ICAI on Saturday to discuss various …

Breaking: Government Suspends Two GST Officials For Illegal Detention Of Chartered Accountants Read More »

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Big Breaking: Government Plans To Amend GSTR-3B To Stop Bogus ITC Claims

The monthly tax payment form GSTR-3B is all set to be amended to check fraudulent Input Tax Credit (ITC) claims and speedy disposal of genuine cases. An official said that this could be considered in the meeting of the GST Council to be held next month. The revised form will provide clarity to the taxpayer …

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Know Why “JusticeForCA” Hashtag is Trending

Some Twitter handles are claiming that 2 Chartered Accountants are arrested by the Gurugram GST Department for issuing CA certificate for GST refund. Video Tweet: Please Click Here to Visit After the arrest of Chartered Accountants, various CAs from the country have gathered at Gurugram GST Department and protested the arrest. CAs are tweeting with …

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Written Submissions Before Court By Advocates in Gurugram 2 CA’s Arrest Case

In the Matter of: CGST, GURUGRAM Vs. SUNIL MEHLAWAT Written Submissions on Behalf of The Applicant/ Sunil Mehlawat MOST RESPECTFULLY SHOWETH: 1.) The Applicant aged about 29 Years, is married and has a minor child and aged father (mother already passed away), is sole bread earner of the family, since his wife is a housewife. …

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GST- GOM Panel Report: Agreed To Increase GST Rate On Casinos, Online Gaming And Race Courses

The Group of Ministers (GoM) to review the GST levy has agreed to increase the rate of GST on casinos, online gaming and race courses from 18 per cent to 28 per cent. This panel, constituted to re-evaluate these services for levy of GST, will submit its report to Finance Minister Nirmala Sitharaman in a day …

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Breaking: Government Proposes To Extend April 2022 GSTR-3B Due Date

CBIC has tweeted on 17th May 2022 that: A technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B & auto-population of GSTR-3B on portal. Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest. (1/2) Considering the difficulties …

Breaking: Government Proposes To Extend April 2022 GSTR-3B Due Date Read More »

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Very Important Point To Keep in Mind While Availing Self- Assessed ITC From GSTR-2A

GSTN has posted an advisory on 15th May 2022 that GSTR-2B for April 2022 is not showing the invoices related to April 2022. Technical team is working on it. But as a temporary measure, taxpayers can avail ITC from GSTR-2A as per self-assessment basis. Points to Keep in Mind While Availing ITC From GSTR-2A As …

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Professionals Are Questioning The Authority Of GSTN After Issuance Of Advisory For GSTR-2B

GSTN has issued advisory on GSTR-2B for the month of April 2022 on 15th May 2022. To read the advisory, Please Click Here In this advisory, GSTN has advised taxpayers to avail ITC as per GSTR-2A on self assessment basis till the technical team is resolving the issue of missing entries in GSTR-2B. After this …

Professionals Are Questioning The Authority Of GSTN After Issuance Of Advisory For GSTR-2B Read More »

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Breaking: GSTN Issues Advisory on GSTR-2B For April 2022

1.) It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible in GSTR-2A of such recipients. 2.) The technical team is working to resolve this issue for the impacted taxpayers and generate fresh GSTR-2B at the …

Breaking: GSTN Issues Advisory on GSTR-2B For April 2022 Read More »

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Read What Professionals Are Saying About Non-Availability Of GSTR-2B

GSTR-2B for April 2022 is showing data till the month of March 2022. i.e. Data for April 2022 are missing in April 2022 GSTR-2B. This is due to technical glitch in the GST Portal. So, read what professionals are saying about non-availability of GSTR-2B: CA Bimal Jain has tweeted that “When Taxpayers liable to pay …

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TURNOVER UPDATE F.Y. 2021-22-d252ca37

How To Update GST Turnover For FY 2021-22

GSTN has deployed the facility to update GST turnover for the F.Y. 2021-22. In this article, we will let you know that how to update turnover for the F.Y. 2021-22. Please follow these steps to update turnover: (1.) Login to GST portal at https://services.gst.gov.in/services/login (2.) After logging in, please go to “dashboard” and click on …

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Breaking: GST Officer Asks Ownership Proof Of Email Of Applicant

A photo of GST SCN is circulating in social media in which it is mentioned that: “Under Rule 8 of CGST Rules, an applicant has to fill his personal email id and mobile number in the application. However, it appears that same has not been complied with. Please upload documentary evidences in respect of ownership …

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GSTN is Organizing Webinar On Enhancements in GSTR-1/ IFF

Enhancements have been done in GSTR-1/IFF for further improving it’s performance & user-experience. The major changes include introduction of a simpler single-step filing process by removal of ‘Submit’ button, introduction of a new table-wise consolidated summary in GSTR-1/IFF in a simpler format before actual filing of GSTR-1/IFF and introducing recipient-wise summary for simpler reconciliation. For …

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Biggest Update On GSTR-1 Return

Big update on GSTR-1 return is that “submit” button has been replaced with “proceed to file/ summary” Now you don’t required to generate GSTR-1 summary and then submit it before filing. You just have to click on “proceed to file/ summary button” and the return will be ready for filing. This is a good step …

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LATEST GST NEWS AND UPDATES

Latest GST News, Information, Notifications & Announcements [Period 18/04/22 to 24/04/22]

GST WEEKLY UPDATE :4/2022-23 (24.04.2022) Clarification in respect of refund of tax specified in section 77(1) of the UPSGST Act and section 19(1) of the IGST Act: Regarding the issues in respect of refund of tax wrongfully paid as specified in section 77(1) of the Uttar Pradesh Goods and Services Tax Act, 2017 (hereinafter referred …

Latest GST News, Information, Notifications & Announcements [Period 18/04/22 to 24/04/22] Read More »

Attention GST Taxpayers Whose Aggregate Annual Turnover is More Than Rs 5 Crore

Attention GST Taxpayers whose aggregate annual turnover is more than Rs. 5 crore! Today (25th April 2022) is the last date for filing Form ITC-04 in respect of inputs/ capital goods sent to a job worker or received from a job worker for the period October 2021 to March 2022. Attention GST Taxpayers whose aggregate …

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GST: Clarification By UP Government On Refund Of Tax Specified in Section 77(1) Of UPSGST Act And 19(1) Of IGST Act

Office of the Commissioner, Commercial Tax, Uttar Pradesh, (GST Section) Letter No. GST/2021-22/36/Commercial Tax Lucknow: Dated: 20 April, 2022 To All Zonal Additional Commissioner, Grade -1, Additional Commissioner, Grade -2, (S.I.R) Joint Commissioner, (Executive/Corporate Circle/ S.I.B) Commercial Tax, Uttar Pradesh. Subject: Clarification in respect of refund of tax specified in section 77(1) of the UPSGST …

GST: Clarification By UP Government On Refund Of Tax Specified in Section 77(1) Of UPSGST Act And 19(1) Of IGST Act Read More »

Attention GST Taxpayers Who Are Under QRMP Scheme

Attention GST taxpayers who are under QRMP Scheme and having principal place of business in Group-2 states. The last date to file GSTR-3B Return for the quarter January- March 2022 is 24th April 2022. Late filing of GSTR-3B Return will attract late fees and interest. Group-2 states: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, …

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High Court Imposes 25% Penalty Of Demand For Non-mentioning Of Buyer’s Complete Address in Tax Invoice

In the case of RKS Agencies Vs State Tax Officer, the fault of petitioner is that petitioner’s full address is not mentioned on tax invoice. So, the department has issued notice and raised demand. The department has also seized goods and vehicles. When the petitioner go to the Madras High Court against the said demand …

High Court Imposes 25% Penalty Of Demand For Non-mentioning Of Buyer’s Complete Address in Tax Invoice Read More »

CBIC is Organizing Webinar On GST Audit. Check Date And Time

Webinar on GST Audit– Taxpayers Perspective Hosted by DGTS DZU/KZU, CBIC on Tuesday, 19th April, 2022 from 3 PM To join the webinar, Please Click Here Meeting number: 2517 541 0965 Password: 1234 Webinar on GST Audit–Taxpayers PerspectiveHosted by DGTS DZU/KZU, CBIC on Tuesday, 19th April, 2022 from 3 PMJoin through https://t.co/Vvo6ExJNXf Meeting number: 2517 …

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