15 ViewsThe Goods and Services Tax Network (“GSTN”) has enabled GSTR-9 & 9C for Financial Year (“FY”) 2021-22 for filing on the GST Portal. GSTR 9 – Annual Return | GSTR 9C Reconciliation Statement The due date for filing GSTR-9 & GSTR-9C is December 31, 2022. The taxpayers whose aggregate turnover in the FY 2021-22 […]
GSTN made live a new Table 3.1.1 in GSTR-3B
20 ViewsGSTN has made live a new Table 3.1.1 in GSTR-3B for reporting supplies notified u/s 9(5) of the Central Goods and Services Tax Act, 2017. As per Section 9(5) of CGST Act, Electronic Commerce Operator is required to pay tax on supply of services such as Passenger Transport Service, Accommodation services, Housekeeping Services & […]
GSTN introduces a new option to file NIL GSTR-1
36 ViewsGSTN has introduced an option to file NIL GSTR-1 by selecting the check box without going through the process of generating a summary.
E-invoicing is likely to be soon notified for taxpayers with turnover above Rs. 5 Cr
12 ViewsAs per the new update issued by GST, e-Invoice system says the taxpayers with turnover above Rs. 5 crore are enabled for testing on the Sandbox system. Source: GST Portal
GSTN releases a statistical report on the completion of 5 years of GST
8 ViewsThe Goods and Services Tax Network (“GSTN”) has released a statistical report on the completion of 5 years of GST. Contents of the report are as follows: Registration Returns Payment Refund E-Way Bill E-Invoice GSTN Outreach Initiatives Services For Complete Report click here
Advisory on Upcoming Changes in GSTR-3B
6 ViewsThe Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B requiring taxpayers to report information on ITC correctly availed, reversal thereof and declaring ineligible ITC in Table 4 of GSTR-3B. The detailed Notification can be viewed by clicking here The notified […]
List of GSTINs generating IRN (Last Updated: 16/07/2022)
4 ViewsE-invoice portal IRP has published list of GSTINs generating IRN as on 16.07.2022. Around 300682 taxpayers are already generating IRP/e-invoice. Source: https://einvoice1.gst.gov.in/Others/GSTINsGeneratingIRN
Introducing new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)
11 ViewsAccording to section 9(5) of CGST Act, 2017, Electronic Commerce Operator (ECO) is required to pay tax on supply of certain services notified by the government such as Passenger Transport Service, Accommodation services, Housekeeping Services & Restaurant Services, if such services are supplied through ECO. For reporting of such supplies a new Table 3.1.1 […]
Implementation of mandatory mentioning of HSN codes in GSTR-1
3 ViewsVide Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being […]
Webinar on Tax liabilities and ITC comparison Tool by GSTN
3 ViewsGSTIN is organizing a creating awareness webinar for all the taxpayers to show demo on the following functionalities: Liability Comparison – Comparison of liabilities declared in GSTR-1/IFF and liabilities actually paid in GSTR-3B ITC Comparison – Comparison of ITC eligible as per GSTR-2B/GSTR-2A and ITC actually availed in GSTR-3B 2. These webinars will be […]