GSTN PORTAL Archives

CBIC issues guidelines for verification of transitional credit claims under GST

Leave a Comment / GST / By Taxtimes / November 15, 2022 November 15, 2022 / CBIC UPDATE, GSTN PORTAL

Recently, the GST Network (GSTN) has reopened the window for taxpayers to claim transitional credit under the Goods and Services Tax (GST) law from 1st October 2022 to 30th November 2022. Any taxpayer migrating from the pre-GST regime and missed claiming a transitional tax credit under VAT, service tax or excise law due to technical …

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Taxpayer is Eligible To Claim ITC As Per Invoice in Absence Of System Based Matching: Gujarat High Court

Leave a Comment / GST / By Dhanraj Sharma / June 26, 2022 June 26, 2022 / BUSINESSES GST, CBIC, GSTN, GSTN PORTAL, GSTR, GSTR-2, GSTR-2A, GSTR-3, GSTR-3B, GUJARAT HIGH COURT, Input Tax Credit, ITC

In the case of M/S New Nalbandh Traders vs State Of Gujarat, the Gujarat High Court has held that: On the perusal of the aforesaid provisions, it can be said that there is a specific mechanism for reversing the credit in the case of a discrepancy in the ITC availed by the recipient, against the …

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New Update On GST Portal

2 Comments / GST / By Dhanraj Sharma / June 5, 2022 June 5, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL

New option added in GST Registration Application to Upload “Document for Trade Name”. It is optional (Not Mandatory). Maximum file size allowed is 5 MB. File in PDF or JPEG format is only allowed.

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Another Useful Tab Added in GST Portal

Leave a Comment / GST / By Dhanraj Sharma / June 4, 2022 June 4, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL

GSTN has enabled the option to add additional trade name(s) at the time of registration for the businesses that would be operating in multiple domains under a single registration. Screen-shot attached:

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Big Update On GSTR-2B For April 2022

GST / By Dhanraj Sharma / May 19, 2022 May 19, 2022 / GSTN, GSTN PORTAL, GSTR, GSTR-2B, GSTR-3B, Input Tax Credit, ITC

Official account of GSTN Portal, GST Tech has tweeted that: GSTR2B is now available for April 2022 It may be noted that only if the taxpayer, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B has not saved any data in GSTR3B for that tax period. 2.) The auto population of ITC …

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

GST / By Dhanraj Sharma / May 17, 2022 May 17, 2022 / BUSINESSES GST, CBIC, GSTN, GSTN PORTAL, GSTR, GSTR-3B

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 …

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

GST / By Dhanraj Sharma / May 16, 2022 May 16, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL, GSTR, GSTR-2A, GSTR-2B, Input Tax Credit, ITC

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 …

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

GST / By Dhanraj Sharma / May 15, 2022 May 15, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL, GSTR, 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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How To Update GST Turnover For FY 2021-22

GST / By Dhanraj Sharma / May 12, 2022 May 12, 2022 / BUSINESSES GST, featured, GSTN, GSTN PORTAL

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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Big Update On GSTR-1 On GST Portal

3 Comments / GST / By Dhanraj Sharma / May 10, 2022 May 10, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL, GSTR-1

GST Portal has posted an update that: A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March 2022. Changes are being made on the GST portal to include this rate in GSTR-1. As a temporary measure, taxpayers who have to …

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New Functionalities Deployed On GST Portal For Taxpayers

GST / By Dhanraj Sharma / April 9, 2022 April 9, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for …

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Kerala FM Announced the launch of a mobile application ‘Lucky Bill Scheme’ for uploading GST invoices

2 Comments / GST / By CS LALIT RAJPUT / March 12, 2022 March 12, 2022 / featured, GST, GSTN PORTAL, GSTR

GST App: ‘Lucky Bill Scheme’– Kerala Finance Minister KN Balagopal, during Budget, has announced the launch of a mobile application ‘Lucky Bill Scheme’ for uploading GST invoices. He has further stated about this application that, this is an important step in order to tackle GST Evasion from the root level and also attractive prizes will …

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New GST Rates: 10 Household Items That Will Cost More From July 18

GSTN is Organizing Webinars On Enhanced HSN Functionality Deployed On GST Portal

GST / By Dhanraj Sharma / March 8, 2022 March 8, 2022 / BUSINESSES GST, featured, Gst hsn code, GSTN, GSTN PORTAL, HSN, HSN CODE

The Search HSN Code functionality has been enhanced, where taxpayers can search the HSN code and the applicable Technical description through common parlance / trade description of the goods/ services as they are known in the Trade. It helps the taxpayers to search HSN Code by providing description/ part of a description. For creating awareness …

GSTN is Organizing Webinars On Enhanced HSN Functionality Deployed On GST Portal Read More »

Latest GST News, Information, Notifications & Announcements [Period 28/02/22 to 06/03/22]

GSTN Issues Advisory On Auto- Population Of E-invoice Details Into GSTR-1

GST / By Dhanraj Sharma / March 3, 2022 March 3, 2022 / BUSINESSES GST, E-INVOICE, E-INVOICES, gst e-Invoice, GSTN, GSTN PORTAL, GSTR, GSTR-1

GSTN portal has posted an update that: Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on the Invoice Registration Portal (IRP). …

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Big Update On GST Registration Procedure

GST / By Dhanraj Sharma / March 2, 2022 March 2, 2022 / BUSINESSES GST, featured, gst registration, gst registration process, GSTN, GSTN PORTAL

Big update on GST registration procedure Now for applying GST registration/ amendment etc, Geo Location of exact location of premises has started on GST portal. As per tweet made by CA Abhishek Rajaram: in Delhi-NCR usually warehouses are located in remote areas or villages where there Geo Location could not be possible.

GST Alert! Tax department asks taxpayers to complete this pending work

GST / By Taxtimes / February 19, 2022 February 19, 2022 / featured, GSTN PORTAL, GSTR, GSTR-3B

Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 20-21 is more than Rs. 5 crore! File your Annual Return in Form GSTR-9 along with self certified Reconciliation statement in GSTR-9C before February 28, 2022. Attention GST Taxpayers whose aggregate annual turnover for the FY 20-21 is more than Rs. 2 crore! File Annual …

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Attention: You Can Now Opt For Composition Scheme For FY 2022-23 On GST Portal

GST / By Dhanraj Sharma / February 19, 2022 February 19, 2022 / BUSINESSES GST, featured, GSTN, GSTN PORTAL

GSTN portal has posted an update on the official website gst.gov.in that: Attention: Window to opt in for composition for the FY 2022-23 is made available at GST Portal. The eligible taxpayers, who wish to avail the composition scheme may opt in for composition before 31st March 2022.

Alert: Be Careful While Filing GSTR-1 And GSTR-3B

GST / By Dhanraj Sharma / January 30, 2022 January 30, 2022 / GSTN, GSTN PORTAL, GSTR, GSTR-1, GSTR-2A, GSTR-2B, GSTR-3B, Input Tax Credit

The government is tightening the screws on taxpayers who are reporting turnover in GSTR-1 but not paying tax through GSTR-3B or claiming more input tax credit as available in GSTR-2A/ 2B. In this series, the government has now incorporated the facility in GST portal to view individual month difference and cumulative difference in output tax …

Alert: Be Careful While Filing GSTR-1 And GSTR-3B Read More »

GST System mistake in calculating late fee, now giving notice of dues to businessmen

2 Comments / GST / By Taxtimes / January 16, 2022 January 16, 2022 / featured, GST, GSTN PORTAL, GSTR, GSTR-1, GSTR-3B, GSTR-9, LATE FEES

Due to a new exploit of GST Network (GSTN), businessmen are facing new problems. GSTN made a mistake in calculating the late fee charged from the traders in the past. Now he is demanding arrears by sending notices to the businessmen. In the last few days, lakhs of traders have received this notice. Not only …

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Very Good News For GST Taxpayers. Know Details Here

GST / By Dhanraj Sharma / January 13, 2022 January 13, 2022 / BUSINESSES GST, GSTN, GSTN PORTAL, GSTR, GSTR-3B

Good news for GST taxpayers is that government is launching interest calculator in GSTR-3B Return very soon which will calculate accurate head-wise interest on late payment of tax. Return filing will be easy because we have to not calculate interest. According to government, this functionality will arrive at the system computed interest on the basis …

Very Good News For GST Taxpayers. Know Details Here Read More »

GSTN Issues Advisory on Revamped Search HSN Code Functionality

GST / By taxconcept / January 7, 2022 January 7, 2022 / featured, GST, gst updates, GSTN PORTAL, GSTR

A revamped & enhanced version of Search HSN Functionality has been launched on the GST Portal. Advisory on Revamped Search HSN Code Functionality The Search HSN functionality was earlier given as a measure of facilitation to the taxpayer to search the Technical Description of any particular HSN code of any goods and/or service used in the Trade, …

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New GST Update: Implementation of Rule-59(6), as amended, on GST Portal

GST / By taxconcept / January 3, 2022 January 3, 2022 / GST, gst updates, GSTN PORTAL, GSTR

1. As per Notification No. 35/2021 – Central Tax dated 24th September 2021, clause (a) of the sub-rule (6) of Rule 59 of CGST Rules, 2017 was amended. By way of this amendment, for the words “for preceding two months”, the words “for the preceding month” were substituted with effect from 1st January 2022. This …

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Latest GST News, Information, Notifications & Announcements [Period 13/12/21 to 19/12/21]

GST / By VIPUL KHANDHAR / December 20, 2021 December 20, 2021 / GST, gst updates, GSTN PORTAL, GSTR, GSTR-1, GSTR-3B, GSTR-9, RECENT GST UPDATES

1. Clarifications Regarding E-commerce Operators Liable To Pay GST On Restaurant Services: CBIC clarified that the e-commerce operators are liable to pay GST on restaurant services. The GST Council in its 45th meeting held on 17th September, 2021 recommended to notify‚ ‘Restaurant Service’ under section 9(5) of the CGST Act, 2017. Accordingly, the tax on …

Latest GST News, Information, Notifications & Announcements [Period 13/12/21 to 19/12/21] Read More »

Latest GST News, Information, Notifications & Announcements [Period 06/12/21 to 12/12/21]

1 Comment / GST / By VIPUL KHANDHAR / December 13, 2021 December 13, 2021 / featured, GST PORTAL, gst updates, GSTN PORTAL, GSTR-1, GSTR-3B, GSTR-9

New Functionalities On GST Portal: Registration: – A functionality has been introduced for taxpayers to withdraw their application for cancellation of registration, filled in Form REG-16 Effective date of Suspension will be displayed on Portal. Refunds, Registration, Returns and Payment: – Earlier companies were mandatorily required to use DSC on the GST Portal now the facility of using …

Latest GST News, Information, Notifications & Announcements [Period 06/12/21 to 12/12/21] Read More »

Latest GST News, Information, Notifications & Announcements [Period 29/11/21 to 05/12/21]

GST / By VIPUL KHANDHAR / December 6, 2021 December 6, 2021 / featured, GST, gst updates, GSTN PORTAL, GSTR

GST WEEKLY UPDATE : 36/2021-22 (05.12.2021) Amended FORM GST DRC-03 by inserting specific option to make payments w.r.t. DRC-01A: The CBIC vide Notification No. 37/2021 – Central Tax, dated December 1, 2021, has issued the Central Goods and Services Tax (Ninth Amendment) Rules, 2021, to further amend the format of FORM GST DRC-03 i.e. intimation of payment …

Latest GST News, Information, Notifications & Announcements [Period 29/11/21 to 05/12/21] Read More »

Learn About The All New GSTR-1 On GST Portal

2 Comments / GST / By Dhanraj Sharma / November 27, 2021 November 27, 2021 / BUSINESSES GST, featured, GSTN, GSTN PORTAL, GSTR, GSTR-1

A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience. These enhancements, would enable the Saving of the GSTR-1 details on the GST Portal efficient and user friendly. Further, changes are being implemented incrementally in a gradual manner, to leverage the familiarity of taxpayer so …

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GSTR-1 Dashboard is Improved And More User Friendly. Check it Now

GST / By Dhanraj Sharma / November 26, 2021 November 26, 2021 / BUSINESSES GST, GSTN, GSTN PORTAL, GSTR, GSTR-1

GSTR-1 dashboard is now improved and more user-friendly.

Taxpayers Can Now Withdraw GST Cancellation Application

GST / By Dhanraj Sharma / November 25, 2021 November 25, 2021 / BUSINESSES GST, GSTN, GSTN PORTAL

GST Update: Taxpayers can now withdraw their application for cancellation of registration (filed in Form REG-16) unless the tax officer has initiated action on it.

Who Prepared RTI Reply on GST- Government or Taxpayers?

GST / By Dhanraj Sharma / October 12, 2021 October 12, 2021 / BUSINESSES GST, GSTN, GSTN PORTAL

A GST stakeholder filed RTI application to know that how much ITC has been blocked under Rule 86A of the CGST Rules 2017. In reply to the application, concerned officer of GSTN stated that ITC of Rs. 6.14 Lakh Crore has been blocked under rule 86A of the CGST Rules 2017 till 31st July 2021. …

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Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here

GST / By Dhanraj Sharma / October 6, 2021 October 6, 2021 / BUSINESSES GST, CMP-08, GSTN, GSTN PORTAL, GSTR, GSTR 5 For Non-Residents, GSTR-3B, ICEGATE

Important Upcoming GST System Enhancement Auto-Interest Computation in GSTR-3B/GSTR-5/CMP-08 Negetive Liability in GSTR-3B Changes in Tax liabilities and ITC Comparison Report Converting IGST Refund withheld cases at ICEGATE into RFD-01 Refund of GST paid on Advances but supplies not made Enabling EVC option even for Companies/LLP in registration module Geo-Spatial data Integration for taxpayers to …

Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here Read More »