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As per Rule 10A, taxpayers (except those registered under TCS, TDS, or suo-moto registrations) must furnish their bank account details within 30 days of grant of registration or before filing details of outward supplies in GSTR-1 or IFF, whichever is earlier.
7-Year Data Retention Period on GST Portal
The Goods and Services Tax Network (GSTN) is set to introduce the Invoice Management System (IMS) from 1 October 2024, aimed at streamlining the input tax credit (ITC) process.
The Goods and Services Tax Network (GSTN) announced two days ago that after September 30, 2024, taxpayers will no longer be able to access GST return data older than seven years on the GST portal. GSTN, in an advisory, said that the 2017 September data is being archived and removed from the portal.
The Hon’ble Delhi High Court in M/s Neeraj Kumar held that SCN uploaded under the category of “Additional Notices and Order” instead of “Notices and Orders” before the GST portal was redesigned. The demand order was set aside, and the matter was remanded to the adjudicating authority for consideration afresh.
The monthly data regarding the Goods and Services Tax (GST) collections (gross and net) and IGST settlement state wise for the month of July, 2024 has been placed in public domain on the GST website at https://www.gst.gov.in under ‘News and Updates’ section. Further, henceforth GST collections data shall be made available on the said website.
GSTN shall be enhancing services on the GST portal on 9th June’24 12:00 AM onwards. GST Portal services will not be available until 9th June’24 6:30 AM.
The Hon’ble Allahabad High Court in the case of Khanna Polyrib (P.) Ltd. v. State of Uttar Pradesh (Writ Tax No. 1311 of 2023 dated January 12, 2024) held that the printout of the dashboard clearly indicated that the Petitioner was not denied the Right to object the Show Cause Notice and the Right to personal hearing. It was due to the non-uploading of the Show Cause Notice on the GST portal that those rights came to be denied to the Petitioner automatically. Hence, the Right to personal hearing and Right to object the Show Cause Notice cannot be compromised if the Show Cause Notice is not uploaded on the GST portal.
Taxpayers can opt for Composition Scheme for the Financial Year 2024-25 by accessing the GST Portal, which will be open…
GSTN has introduced a new feature on the GST Portal whereby taxpayers can address grievances related to payments through the…