Stay updated
Every GST registered person needs to file GST annual return using GSTR-9 form on or before December 31, 2024, for FY 2023-24. However, for FY 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24 it is optional for taxpayers to file GSTR-9 (annual return) if their annual turnover is less than Rs 2 crore.
Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based on data analysis and risk parameters for Biometric-based Aadhaar Authentication and taking a photograph of the applicant along with the verification of the original copy of the documents uploaded with the application. The above-said functionality has been developed by GSTN. It has been rolled out in Arunachal Pradesh on 28th December 2024.
CBDT issued Circular No. 21/2024 dated 31.12.2024 regarding Extension of due date for furnishing belated/revised returns of income for the Assessment Year 2024-25 in certain cases.
CBDT issued notification no. 131/2024 dated 30.12.2024 whereby the Central Government approves ‘Sri Paripoorna Sanathana Charitable Trust’, Bengaluru for its college unit, ‘Sri Paripoorna Sanathana Ayurveda Medical College, Hospital and Research Centre’ under the category of ‘University, college or other institution’ for ‘Scientific Research’ for the purposes of section 35(1)(ii) of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.