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GSTN made filing of GSTR-3B much easier now
System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers now available on the GST portal for monthly GSTR-1 filers
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Available Functionality for Tax Payers in GST Portal as on 29.08.2020
#Module / AreaFORM/FORFORM Components/Details1.RefundClaiming Refund for multiple financial year in single refund applicationEarlier, the GST System didn’t allow clubbing of tax periods of more than o...
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CBI arrests A Former DC of CBIC In An Alleged Bribery Case
Central Bureau of Investigation (CBI)CBI ARRESTS A FORMER DEPUTY COMMISSIONER OF CBIC AND TWO OTHERS IN AN ALLEGED BRIBERY CASE OF Rs.ONE LAKHPress Release – New Delhi, 01.09.2020The Central Bureau of...
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New GST functionalities for TCS & Composition taxpayers
1.Provision to make amendment, multiple times, in Table 4 of Form GSTR-8♣ Earlier, if no action was taken on TCS details, auto-populated in TDS/TCS credit form, by the supplier or if the same were rej...
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Filing Form GSTR-4 Annual Return by Composition Taxpayers
on GST Portal1. What is Form GSTR-4 Annual Return: – With effect from 1st April, 2019, all Composition Taxpayers are required to file Form GSTR-4 Annual Return, on annual basis, for each financial yea...
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How to find GST No. of Comapny
Things required for finding GST No. of Company are:1. Company Name2. PAN no.Any of this of this out of two will be required to find the GST No. of Company.Link where find you’re GST No mentioned below...
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41st GST Council Meeting Highlights
The global pandemic of COVID-19 has brought grave losses to humanity as well as the tax collections this year as per the Government reports. It’s a known fact already that at the time of the introduct...
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Cabinet Clears Introduction of Punjab GST (Amendment) Bill, 2020
CABINET CLEARS PROPOSAL FOR INTRODUCTION OF PUNJAB GOODS AND SERVICES TAX (AMENDMENT) BILL, 2020FULFILLS DEMAND OF TAX PAYERS TO SIMPLIFY PROVISIONS AND PROCESSES FOR SMOOTH LEVY AND COLLECTION OF TAX...
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FORM GSTR-2B – Advisory- 15 Things to Know
FORM GSTR-2B – Advisory(Available under ‘Advisory’ Tab of GSTR-2B)1. Terms Used:i. ITC – Input tax creditii. B2B – Business to Businessiii. ISD – Input service distributoriv. IMPG – Import of goodsv....
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ITC Statement Form GSTR-2B, made available on GST Portal for taxpayers
GsTN has enabled Form GSTR 2B in the GST Portal. GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers...
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GST Council Newsletter- July 2020
GST NewsletterGST Council Secretariat, New DelhiIssue-16th July, 2020GST RevenueIn the month of July 2020, gross GST revenue was Rs. 87,422 crore, comprising CGST Rs. 16,147 crore, SGST Rs. 21,418 cro...
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Aadhar authentication on GST portal
The Central Board of Indirect Taxes and Customs has provided a facility of Aadhar authentication for new goods and services tax (GST) registration to be activated from August 21, 2020, with the object...
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Upcoming GST Council Meetings- What to Expect?
On 20th August 2020, the GST Council has scheduled two GST Council meetings back to back starting on August 27 and September 19th as 41st and 42nd meetings for 2020 respectively. With a steady decline...
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Change in GST Registration Procedure WEF 21/08/2020
Notification 62/2020-Central Tax dated 20/08/2020 being issued to bring in change in GST Registration Procedure.According to the said notification, a person opting to get registered under GST has to o...
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Invoices rectified after filing GST refund claim are valid for issue of refund
OFFICE OF THE COMMISSIONER (APPEALS)CENTRAL EXCISE & CGST, JAIPURNCRB, STATUE CIRCLE, JAIPUR-302005C. No. APPL/JPR/CGST/JP/06/111/19/152DIN No. 20200563RW00009TBB48Dated: 06/05/2020Order-in-Appeal No....
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GSTN enables taxpayers to know ITC eligibility at invoice level while filing Annual Return
Taxpayers are enabled to download of invoices which account for ITC in Table 8A of Form GSTR-9, Annual Return– Reasons for non-inclusion of an invoice in ITC value can be found out (difference between...
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Signed QR Code in E-invoicing system under GST & FAQs
♦ The IRP will generate a QR code containing the unique IRN (hash) along with some important parameters of invoice and digital signature so that it can be verified by an Offline App.♦ IRP system will...
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Downloading document-wise details of Table 8A of Form GSTR-9
1. A facility has been provided to the taxpayers to download document wise details of Table 8A of Form GSTR-9, from the portal in excel format. This can be done by using a new option of ‘Document wise...
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Facility to view auto computed GSTR-2A now available in GSTR-9
In the process of easing out the GST returns process, CBIC has now enabled the facility to Download document wise details of Table 8A of Form GSTR-9 i.e. the invoice wise details of auto-populated amo...
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CBI arrests a CGST superintendent from Rohtak in a bribery case
Central Bureau of InvestigationPress ReleaseNew Delhi, 17.08.2020The Central Bureau of Investigation has arrested a Superintendent, CGST, Rohtak (Haryana) in an alleged bribery case.CBI had registered...