GSTN

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

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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Big Update On GSTR-2B For April 2022

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

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

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

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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New Functionalities Deployed On GST Portal For Taxpayers

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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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

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 …

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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

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

Big Update On GST Registration Procedure

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.

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

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

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 …

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Proposed Changes in GST in Budget 2022

Very Good News For GST Taxpayers. Know Details Here

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 …

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Latest GST News, Information, Notifications & Announcements [Period 20/12/21 to 26/12/21]

Latest GST News, Information, Notifications & Announcements [Period 20/12/21 to 26/12/21]

Latest GST News, Information, Notifications & Announcements 1. CHANGES IN HSN CODES AS PER HS-2022 w.e.f 01.01.2022: The WCO has announced the New (Seventh) edition of HSN – HS-2022 w.e.f 01.01.2022. India being party to HS Convention will also align its First Schedule of Customs Tariff Act with HS-2022. The necessary changes required were already …

Latest GST News, Information, Notifications & Announcements [Period 20/12/21 to 26/12/21] Read More »

Learn About The All New GSTR-1 On GST Portal

Learn About The All New GSTR-1 On GST Portal

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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Who Prepared RTI Reply on GST- Government or Taxpayers?

Who Prepared RTI Reply on GST- Government or Taxpayers?

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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Advisory on Revamped Search HSN Code Functionality

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

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 »

Learn! How to File Payment Related Grievance on GST Portal

Learn! How to File Payment Related Grievance on GST Portal

User Manual on Filing Payment Related Grievance on GST Portal How can I submit grievances/ complaints regarding GST Portal? OR How can I submit response to the Grievance Officers further query? To submit a grievances / complaints regarding GST Portal, perform the following steps: 1.) Access the http://www.gst.gov.in URL. The GST Home page is displayed. …

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Important Update: GSTN is Organizing Webinars on Functionality to Fetch Bill of Entry (BoE) from ICEGATE Portal

Important Update: GSTN is Organizing Webinars on Functionality to Fetch Bill of Entry (BoE) from ICEGATE Portal

Recently, a self-service functionality has been made available on the GST Portal for taxpayers to fetch the missing Bill of Entry details from ICEGATE if these details are not auto-populated in their Form GSTR-2A. For creating awareness amongst all the stakeholders, GSTN is holding webinars, as per details given below: Date: 30/09/2021 Language: Hindi Time: …

Important Update: GSTN is Organizing Webinars on Functionality to Fetch Bill of Entry (BoE) from ICEGATE Portal Read More »

Business Concept’s Daily E-News Letter- 22nd September 2021. Only for TC VIP Users

Business Concept’s Daily E-News Letter- 22nd September 2021. Only for TC VIP Users

Business Concept’s Daily E-News Letter- 22nd September 2021 Please Click on News Heading to Read Full News Note: Only TC VIP Users can Access It For New User- More information, Please Visit Here [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] GST How to File Form GST PMT-09 on GST Portal To file Form GST PMT-09, Please Navigate …

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Learn About GST: How to Transfer Amount from One Head to Other Head in Electronic Cash Ledger on GST Portal

Learn About GST: How to Transfer Amount from One Head to Other Head in Electronic Cash Ledger on GST Portal

You can perform intra-head or inter-head transfer of amount, as available in Electronic Cash Ledger, using Form GST PMT-09. Form GST PMT-09 enables any registered taxpayer to perform, intra-head or inter-head transfer of amount, as available in Electronic Cash Ledger. Thus, a registered taxpayer can now file Form GST PMT-09 for transfer of any amount …

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GST Breaking: CBIC Waives Off Late Fees and Interest for One Day Due to Glitches in GST Portal

GST Breaking: CBIC Waives Off Late Fees and Interest for One Day Due to Glitches in GST Portal

CBIC has tweeted on 20th September 2021 that: A few taxpayers have reportedly faced difficulty in the updation of their Electronic Cash Ledger on September 20, 2021 while filing their GSTR-3B returns. To mitigate their difficulties, GSTN has been directed to take up the issue of waiver of late fee and interest for one (1) …

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Due to Failure of GST Portal Even After 4 Years, the Anger of Professionals is Erupting on the Portal

Due to Failure of GST Portal Even After 4 Years, the Anger of Professionals is Erupting on the Portal

Even after 4 years of GST implementation, yesterday, GST portal was not able to process many GSTR-1 due to technical glitches in the portal. Yesterday was also the due date to file monthly GSTR-1 for August 2021. So consequently, if supplier has not filed GSTR-1 within due date then ITC of the same will not …

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GST Insights: Important Developments in Law at GST Portal

GST Insights: Important Developments in Law at GST Portal

Implementation of Rule-59(6) on GST Portal Rule-59(6) of CGST Rules, 2017, inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases. From 1st September 2021, the above rule shall get enabled on the GST Portal. The situations are explained below: As per the advisory issued at …

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