This update specifically affects filings of GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9. In accordance with the Finance Act, 2023, dated March 31, 2023, new restrictions on GST return filing have been implemented from October 1, 2023, …
Previously, airlines had the flexibility to submit this information either 24 hours before departure or at wheels-off time. The Central Board of Indirect Taxes and Customs (CBIC) has recently updated regulations for passenger data submission by airlines, enforcing stricter compliance …
A government panel on Goods and Services Tax (GST) for the real estate sector is preparing an interim report that may significantly influence affordable housing across India. The Group of Ministers (GoM) is recommending an increase in the affordable housing …
The high court instructed the Appellate Authority to review the appeal on its merits, considering the pre-deposit made from the Electronic Credit Ledger as adequate. Pre-Deposit for GST Appeals using ECL: The Patna High Court recently issued a significant ruling …
The decision of the Supreme Court in this case is likely to have a significant impact on how tax authorities enforce the CGST Act and whether cash can be legally seized in future investigations. In light of differing opinions from …
These changes are designed to ensure Registration compliance with the latest GST requirements under Notification No. 25/2024 – Central Tax, which was issued on October 9, 2024. In a recent update, GSTN has introduced a new feature on the GST …
Delhi High Court Ruling in case of Amir Malik vs. Commissioner of GST [W.P.(C) 13706/2024] In a significant ruling, the Delhi High Court cancelled a show cause notice (SCN) and the subsequent order for the cancellation of GST registration in …
The first GSTR-2B report reflecting the actions performed within IMS will be available for the October 2024 return period on 14th November 2024. The Invoice Management System (IMS) is now accessible to taxpayers, offering a streamlined way to reconcile their …
In the context of GST, the phrase “regularized on an as is, where is basis” means that tax payments made at a lower rate, or exemptions claimed by taxpayers, will be accepted. Additionally, no refund will be provided if the …
This Clarification regarding GST rates & classification (goods) is based on the recommendations of the GST Council in its 54th meeting held on 9th September, 2024, at New Delhi. Clarification regarding GST Rates & Classification of certain Goods: Based on …
As per this waiver, the total late fee, as per Section 47 of CGST Act, will not exceed Rs. 1,000 for each delayed GSTR-7 return filing. The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 23/2024-CT, …
As per the Notification, the Taxpayers against whom an order under sections 73, 74, 107, or 108 of the CGST Act has been passed, confirming the demand for wrong ITC availment in contravention of section 16(4), are eligible to apply …
Taxpayers who transport goods via Indian Railways’ Parcel Management System (PMS) must make the accurate entry of the Parcel Way Bill (PWB) number or RR No. into Part-B of the e-way bill on the EWB portal. Guidelines for Accurate Entry …
GSTN Advisory 528: GSTN e-Services App launched to replace the existing e-Invoice QR Code Verifier App The GSTN (Goods and Services Tax Network) is excited to announce the launch of its new GSTN e-Services App, which will soon replace the …
Notification No. 18 & 19 of 2024 (Central Tax) In a recent update, the Central Government, vide Notification 18/2024-CT, has taken a significant step by empowering the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) to ensure …
If an Appointment Booking Link is provided after submission of form GST REG 1, the applicant must book an appointment to visit a GST Suvidha Kendra (GSK) for Biometric-Based Aadhaar Authentication and document verification. As per Advisory No. 525 dated …
GoM reached a consensus on the need to provide relief to the common man. If tax rates on essential goods are reduced, alternative measures will be explored to make up for the lost revenue. The Group of Ministers (GoM) on …
Taxpayers can verify the validity of any document issued by tax officers through the GST common portal. The verification can be done both before and after logging in. Concerns have been raised regarding the validity of documents issued by tax …
The Invoice Management System (IMS) is a feature within the GST system where the invoices or records saved or filed by the supplier in GSTR-1/1A/IFF can be accepted, rejected, or kept pending by recipients to accurately avail ITC. With the …
The CGST Act mandates that any order for tax recovery under Section 74 must be issued within 5 years from the due date for filing the annual return for the relevant financial year. Under the Central Goods and Services Tax …