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 …
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 …
GST Insights: Important Developments in Law at GST Portal Read More »
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: a) a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1, if he has not furnished …
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Tracking return status on GST portal I am a taxpayer. How can I track return status that I have submitted after logging to the GST Portal? On submission of the return, you will be given an Application Reference Number (ARN). You can track status of your application by tracking this ARN. To track return status, perform the …
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 : a) a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1, if he has …
GSTN Issues Update on Implementation of Rule 59(6) of the CGST Rules on GST Portal Read More »
It has been reported by few taxpayers that HSN used by them for reporting in GSTR-1 is not available in the table 12 HSN drop-down. They have further stated that they are facing issues in adding the required HSN details in table -12 and filing of statement of outward supplies in form GSTR-1 of July …
GSTN has recently implemented Audit functionality. For creating awareness amongst all the stakeholders, GSTN is holding webinars, as per details given below: 1st Webinar Date: 27th August 2021 Language: Hindi Time: 4.00 PM to 4.30 PM Link to Join: https://youtu.be/eTro-ruqhsc 2nd Webinar Date: 2nd September 2021 Language: English Time: 4.00 PM to 4.30 PM Link …
GSTN is Organising Webinars on New GST Audit Format (GSTR-9C). Check Details Here Read More »
Introduction Ever since Goods and Services Tax law was introduced, there have been lot of changes and amendments in ensuring that the law is addressing the concerns of all stakeholders. However, the understanding of basic concepts is essential as these have almost remained the same. In this article we will understand the key differences between …
GSTN issues advisory, as attached in picture, on filing of GSTR-1 return:
(1.) As you might be aware that the facility of blocking E way bill generation had been temporarily suspended due to pandemic, in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails …
Now GSTN is showing Annual Aggregate Turnover on taxpayer’s dashboard on the website gst.gov.in • The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. • The taxpayers can also see the Aggregate Turnover of the current …
Generation of ARN: – ARN is Application Reference Number. Once the application of refund is submitted successfully, ARN is generated. Refund Status is tracked by ARN. How to check the status with ARN: – It can be checked with ARN either with login or without login on GST Portal in the following 3 manner:- READ …
GSTN has recently implemented certain new functionalities on the GST Portal related to Registration, Returns, Ledgers and Refunds. For creating awareness amongst all the stakeholders, GSTN is holding webinar, as per details given below: Language: English Date and Time: 20th July 2021 at 4.00 PM You Tube Link to Join: https://youtu.be/QDtX-cnYi04 During these sessions, viewers …
Quarterly GSTUpdates (April 2021 – June 2021) Including Covid-19 relaxations / updates Goods and Services Tax is an indirect tax used in India on the supply of goods and services. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. It is …
Few important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers are as given below: A.Auto population of GSTR-3B liability from IFF and Form GSTR 1 : A taxpayer under QRMP Scheme can declare their liability through optional IFF for Month 1 and Month 2 of a quarter & Form GSTR-1 for …
GSTN has implemented new functionalities on the GST Portal for the convenience of persons applying for registration and certain other functionalities for the existing taxpayers. These changes are mostly in areas of Registration and Returns. For creating awareness amongst new applicants and the existing taxpayers, GSTN is holding a webinar, as per details given below: …
To address the complaint related to misuse of PAN for obtaining GST registration, a functionality to register such complaints on GST Portal has been introduced. It will check the misuses, control the frauds and help officers in enquiry and cancellation of such registration. Once complaint is registered, it will be sent to the concerned jurisdictional …
GSTN Introduced Facility to Check Misuse of PAN in GST Registration Read More »
IMPLEMENTATION OF RECOMMENDATION OF 43rd GST COUNCIL MEETING Clarification issued that GST is not applicable on services supplied to an educational institution including Anganwadi by way of serving of food/catering irrespective of its funding from government grants or through corporate donations. Source: CBIC
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 …
As Indian businesses are severely affected from the second wave of COVID-19, the government has provided reliefs in GST compliance as well as payment. The compilation of these reliefs are as under for the kind reference of taxpayers and professionals: (1.) Waiver of interest and late fee to normal taxpayers (filing return on monthly or …
In view of Notification No. 14/2021 dt. 01.05.2021, the timeline for filing the ‘Application for Revocation of Cancellation’ has been extended for those applicants, for whom the due date to file the same falls between 15 April to 30th May, 2021. Now, they can file the said application till 31st May, 2021 Thanking You, Team …
In view of Notification No. 14/2021 dt. 01.05.2021, the timeline for filing the ‘Application for Revocation of Cancellation’ has been extended to 180 days from 90 days which will be valid up to 15th June 2021. Thanking You,Team GSTN Read GST PORTAL
When we refer relevant notifications, we can consider that above clarifications are not as per law. So, you are requested to please ask the GSTN to make necessary changes in the reporting of HSN Codes in GSTR-1 and not to issue any clarification which is not as per law.
GSTN has informed on 6th April 2021 about new updates on GST Portal deployed for taxpayers.
Various professionals have reported on twitter that they are able to view/ file TDS/ TCS Returns for April 2020 only instead of full year. In FY 2021-22, all months are showing instead of April 2021.
GSTN has recently posted an update on its official website http://www.gst.gov.in that “Quarterly taxpayers are able to see the GSTR3B tile for Jan, Feb and Mar 21. They are requested to file GSTR3B for the quarter Jan-Mar, 21 using tile for Mar, 21. The tile for Jan and Feb is being removed.”
GSTN has replied to the query as under: Invoices reported in IFF for Jan or Feb 2021 will not be reflected in quarterly GSTR-1 from Jan-March 2021. Please refer Rule-59(3) of the CGST Rules.
While taking ITC on purchases and other expenses, kindly verify that supplier has mentioned HSN/ SAC code in invoice as required. If HSN/ SAC Code is not mentioned in invoice, then ITC will not be available.
On 16th March, 2021, GSTN said that “IFSC of 8 banks are changed due to merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to validation error sent by PFMS.” Here is the list of PSU Bank Merger in 2021: S. No. Acquirer Banks Banks …
Update IFSC Codes on GST Portal due to Bank Merger: GSTN Read More »
