GST DAILY – 114 Dept. should dispose of petitioner’s representation for allowing amendment to GSTR-1 form, either manually or online
THE Hon’ble CALCUTTA HIGH COURT in the case of TECHNO WAXCHEM PVT. LTD. V/s GOODS AND SERVICES TAX COUNCIL decided…
Tag: GSTR-1
GST action points for FY 2022-23 before closing books and filing GST returns for October 2023
The month of October 2023 is the last month to make corrections of any inadvertent errors in the GST returns for FY 2022-23. Hence, it is important that taxpayers consider the following crucial action points before filing GST returns for October 2023…
Advisory: Temporary /Short Period Pause in e-Invoice Auto Population into GSTR-1
27/09/2023 Dear Taxpayers, Thanking you,Team GSTN Source: GSTN
Section 16(4) of the CGST Act is constitutionally valid
The Hon’ble Patna High Court in Gobinda Construction v. Union of India held that, Section 16(4) of the CGST Act is constitutionally valid and are not violative of Article 19(1)(g) and Article 300 (A) of the Constitution of India and is not inconsistent with or in derogation of any of the fundamental right guaranteed under the Constitution of India.
Notification no. 41/2023 – Central Tax dated 25.08.2023
Due date to file GSTR-1 for the month of April, 2023, May, 2023, June 2023 and July, 2023 is extended for registered persons whose principal place of business is in the State of Manipur
GST: Avoid these mistakes while filing your GST returns
An indirect duty imposed on the supply of goods and services in India, GST has replaced a number of levies…
GST – RECENT DEVELOPMENT UNDER GST LAW AND RULES
Recent changes in the GST Law has been presented by CA Vaishali B Kharde in the PPT. The update includes…
ITC of recipient cannot denied without conducting due diligence of supplier
The Hon’ble Calcutta High Court in Suncraft Energy Private Limited and Another v. The Assistant Commissioner, State Tax set aside the order of reversing excess credit availed in Form GSTR-3B as compared to Form GSTR-2A and held that the demand notice issued to the assessee for reversing the ITC could not be sustained without proper inquiry into the supplier’s actions.
Refund of IGST cannot be withheld on mere suspicion that Assessee has availed duty drawback
The Hon’ble Bombay High Court in Sunlight Cable Industries v. Commissioner of Customs quashed the order of the Revenue of not refunding Integrated GST pertaining to export sales and held that the order of Revenue does not have any factual backing that assessee has tried to avail double benefit by availing duty drawback and IGST refund.
Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)
The functionality compares the liability declared in GSTR-1/IFF with the liability paid in GSTR-3B/3BQ for each return period. If the declared liability exceeds the paid liability by a predefined limit or the percentage difference exceeds the configurable threshold, taxpayer will receive an intimation in the form of DRC-01B.