Filing of Application for Rectification of Order which was issued for the incorrect claim of ITC under section 16(4) of the CGST Act, but the ITC in question is now valid as per the newly inserted section 16(5) and/or section …
Beginning with the October 2024 tax period, it is mandatory to file GSTR-7 by taxpayers in a sequential order. Mandatory Sequential Filing of GSTR-7 Returns: The Goods and Services Tax Network (GSTN) has issued an important update regarding the sequential …
Introduction to e-Invoicing E-Invoicing under GST refers to the electronic reporting of specific GST-related documents to designated Invoice Registration Portals (IRPs) to obtain an Invoice Reference Number (IRN). Contrary to common misconception, e-invoicing does not involve the generation of invoices …
As an added convenience for taxpayers under Invoice Management System (IMS), a Suppliers View functionality is now available on the GST Portal. Suppliers View under IMS: The Invoice Management System (IMS) has been launched on the GST Portal, effective from …
Taxpayers can update the action taken on the Invoice Management System (IMS) (e.g., changing an invoice from “rejected” to “accepted” or vice versa) and recompute GSTR-2B anytime before filing GSTR-3B Starting October 2024, the GST Portal introduced the Invoice Management …
Only payments made through Form DRC-03 under the “Voluntary” or “Others” categories are eligible for adjustment using Form DRC-03A. The GST Portal has introduced Form DRC-03A to help taxpayers adjust demand amounts that were mistakenly paid through DRC-03 instead of …
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, …
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 …
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 …
Reporting of Inter-State Taxable Supplies to Unregistered Dealers (B2C): The Indian government has introduced a notable amendment on reporting supplies to unregistered dealers under Notification No. 12/2024 – Central Tax, dated 10th July 2024. As per the notification, the threshold …
This Invoice Management system (IMS) will be available on the GST portal starting October 1st. This will allow recipient taxpayers to review and either accept, reject, or keep invoices pending for later action. The GST Network (GSTN) is set to …
Refund of additional IGST paid on account of upward revision in prices of goods subsequent to exports Refund of Additional IGST paid due to price hike after exports: The GST Council has approved the processing of refund applications for additional …
Taxpayers can now upload documents up to a maximum size of 500 KB in both the Principal Place of Business and Additional Places of Business at the time of GST registration: GSTN Advisory 502. According to the GSTN Advisory No. …
GSTN announced significant enhancements to the address-related fields in various GST registration functionalities On July 4, 2024, the GSTN announced significant enhancements to the address-related fields in various GST registration functionalities, including New Registration, Amendment Application (Core & Non-Core), and …
GSTN Advisory No. 500 Dated 7th June 2024 The Goods and Services Tax Network (GSTN) has announced an important update through its Advisory No. 500, dated June 7, 2024. This advisory informs manufacturers of Pan Masala and Tobacco products about …
GSTN Advisory 499: Launching of E-Way Bill 2 Portal In a significant development, the GSTN has announced through Advisory No. 499 that the NIC is launching the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on June 1, 2024. This new portal is …
GSTN Advisory No. 633 Dated 26 April 2024: Enhancement in GST Portal Exciting news for all GST portal users! The Goods and Services Tax Network (GSTN) is gearing up to roll out a significant enhancement to its portal on May …
Advisory 630 dated 9 April 2024: Auto-Populating HSN-wise Data from e-Invoices Auto-Populating HSN-wise Data: In a recent development, the Goods and Services Tax Network (GSTN), vide its advisory no.630 dated 9 April 2024, informed about introduction of a new functionality …
GSTN Advisory No. 629 Dated 9 April 2024 pertaining to Opportunity to some Affected taxpayers to Re-file their GSTR-3B and rectify differences between saved data in GST system and the data actually filed. In a recent development, the Goods and …
GST Advisory: Introduction of New Modes of GST Payment by Debit Card/Credit Card/UPI Advisory 622: In a significant move towards digitalization and simplified tax processes, the Goods and Services Tax (GST) system has introduced an innovative feature, allowing taxpayers to …