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A proposal of comprehensive changes in FORM GSTR-3B was deliberated by the GST Council in its 47th meeting held at Chandigarh on 28th and 29th June 2022. The Council recommended that the said proposal may be placed in public domain…
Source : GSTN / News and Updates / 18.10.2021 1. Form GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident…
Source : GSTN/ News and Updates 26/08/2021 Extract of the update is as under : 1.In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods…
A tax return means a summary of information in prescribed format in a nutshell, pertaining to a particular tax period. Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the…
Source : GSTN / News and Update dated 12.04.2021 GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Way bill portals.…
Source : PIB 28.02.2021 First due date The due date to file GST Annual return for FY 2019-20 was 31.12.2020. First extension of due date But, since, the annual return for FY 2018-19 was not filed by that date and…
Source : GSTN / News and Updates 24.02.2021 Extract of the update is given below: The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error “Error! Invalid Summary payload”…
Source : GSTN / News and update 11.02.2021 Q 1: What is QRMP scheme? What are its benefit? Answer: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers…
As per section 44(1) of CGST Act, 2017, every registered person shall furnish online an annual return for every financial year in prescribed forms on or before 31st day of December following the end of such financial year. The persons…
Source : GSTN / News and Updates 30/12/2020 Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables…