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GST ComplianceLive updates from 52nd GST council meeting press release attached
All updates related to the GST Council’s 52nd Meeting will be updated here – No GST rate cut on EV batteries as the fitment committee rejected the proposal. – Delhi minister Atishi Singh favoured the Online gaming companies and opposed the notices sent to them
GST ComplianceRecommended minimum fee for GST work by ICAI
The Institute of Chartered Accountants of India (ICAI) has proposed a fee structure for services related to Goods and Services Tax (GST). The charges vary, commencing at a base rate of Rs. 5000 and increasing based on the intricacy of the task at hand. The
State Benches of the Goods and Services Tax Appellate Tribunal constituted by Govt (Read Notification)
In compliance with the authority vested under subsection 4 of section 109 of the Central Goods and Services Tax Act, 2017 (12 of 2017), and as a replacement for Ministry of Finance, Department of Revenue’s earlier notification S.O.3009(E) dated August 21, 2019, published in the
The Cabinet has granted approval for a four-year implementation of eCourts Phase III.
Under the leadership of Prime Minister Shri Narendra Modi, the Union Cabinet has granted approval for the implementation of Phase III of the eCourts Project. This project, categorized as a Central Sector Scheme, is scheduled to run for a duration of four years, starting from
Creation a New Time limit for Reporting of invoice
The GST e-invoice system issued an Update on September 11, 2023, indicating that, as per the directives of the GST Authority, a 30-day time limit for reporting invoices from the date of their issuance is now mandatory for e-invoice portals. This requirement applies to taxpayers
New scheme of claiming ITC in GST w.e.f. 01-09-2023
New mechanism to report ITC in GSTR 3B A new mechanism was introduced by notification no. 14/2022 read with circular no. 170/2/2022. This mechanism will ensure the proper reporting of ITC in GSTR 3B. How it works? As per this provision the total ITC appearing
CA Shafaly GirdharwalHow an error in return will fetch you an instant notice in GST?
Two new instant notices in GST Well this for the good of taxpayers. Although it is taxing at the immediate level it will be helpful in future. Two new rules are inserted in GST provisions. The dynamics between the GSTR 3b and statements fetching its
CA Shafaly Girdharwal
GST ComplianceGST Returns Due Dates for GTSR 1 and GSTR 3b
GSTR 3B New Updates: July 2022: 5 important changes incorporated into GSTR 3b #1. Filling the date related to inter state supply to unregistered person, COmposition dealer and UIN holders This information is required in table 3.2 of GSTR 3b. But many taxpayers skip this
CA Shafaly GirdharwalFiling GSTR 9/9c December 2021: Critical Issues for Preparing for Scrutiny
Section 61 of The CGST Act 2017 empowers the revenue authorities to scrutinize the return and related particulars furnished by the taxpayers to verify the correctness of the return and inform him of the discrepancies noticed, if any, in such manner as may be prescribed
How to File Gstr 4 Online Step by Step Guide
How to File GSTR 4 Online Step by Step Guide All the composition taxpayers must file GSTR 4 annually from FY 2019-2020 onwards. The return once filed cannot be revised, and also attracts a late fee if filed beyond the due date. Related Topic: GSTR-4
GST ComplianceTaxability of Exports of Services Between Establishments of Distinct Person
There was a lot of confusion & doubts in the interpretation of Explanation 1 under Section 8 of the IGST Act 2017 in relation to condition (v) of export of services as mentioned in sub-section (6) of section 2 of the IGST Act 2017. In
GST ComplianceE-book on meaning of important terms used in GST by CA Ashok Batra
Introduction In order to carefully grasp and properly understand the Goods and Services Tax (GST), it becomes essential not only for indirect taxes professionals but for the tax administrators to have the knowledge of the precise meanings of the various terms used in the