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No Need For FY22 Annual Return if Turnover Up To Rs 2 Crore UPI Allowed For GSTN Payment

The government has exempted registered persons whose aggregate turnover in the financial year 2021-22 was up to RS 2 crore from filing the annual return for the financial year. The Unified Payments Interface (UPI) and IMPS payments mechanism have also been introduced to make payments at GSTN, the IT backbone of the indirect tax system, …

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Latest GST News, Information, Notifications & Announcements

Latest GST News, Information, Notifications & Announcements [Period 07/02/22 to 13/02/22]

GST WEEKLY UPDATE : 46/2021-22 (13.02.2022) 1. Delhi Govt. issues Guidelines on issuance of SCN under GST: a) It should be issued only after proper inquiry/investigation i.e. when the facts used are ascertained and allegations are prima fade made out;b) It should be strictly in the format & manner prescribed under the GST Act and …

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GST overhaul likely soon; 3 tax slabs, exemption cuts, rate hikes on the cards

GST overhaul likely soon; 3 tax slabs, exemption cuts, rate hikes on the cards

The GST regime could get the most comprehensive makeover since it was introduced in 2017. The revision may simplify the rate structure and seek to lift revenue for states. The GST compensation given to states will end in June. The restructuring, which will be implemented in phases, may cut down tax exemptions, introduce only three …

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GST News - Get Latest Updates & Information on GST

Latest GST Portal Weekly News, Information, Circular, Notifications & Announcements [Period 18/10/21 to 24/10/21]

GST WEEKLY UPDATE– GST News – Get Latest Updates & Information on GST 1. Job work return Form ITC-04 on Inputs/Capital Goods sent to or Received from a Job Worker to be file before 25th October for the period 1st july to 30th sep-2021: The GST Taxpayers has to file Form ITC-04 in respect of …

Latest GST Portal Weekly News, Information, Circular, Notifications & Announcements [Period 18/10/21 to 24/10/21] Read More »

Summary of Recnet GST changes-1a7271b2

Recent updates in GST

Summary of Recent updates in GST Important changes in QRMP Scheme Upcoming functionalities to be deployed on GST Portal GSTN enables Request for adjournment for Personal Hearing in GST portal Enabled mechanism to disallow use of same Certificate of Origin number in more than one Bill of Entry (BOE) in certain cases w.e.f. July 08, …

Recent updates in GST Read More »