HSN at 6 digit level
Atleast 6 digit HSN will be mandatory in e-Invoices, for taxpayers whose AATO is 5Cr and above, from 15th of December 2023. Source: Einvoice1portal
Tag: important update
Average monthly GST mop-up at Rs.1.66 lakh crore so far this fiscal: FM
The Goods and Services Tax (GST) collection has been showing an upward trend on an annual basis since its roll-out on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is Rs. 1.66 lakh…
Clause by Clause Analysis of GSTR-9 & 9C along with Recent Amendments
Author Ms. CA Vaishali Kharde has recently conducted a session on GST at ICAI Pimpri Chinchwad Branch (WIRC) Branch. The author has deliberated on topic ‘Clause by Clause Analysis of GSTR-9 & 9C along with Recent Amendments’. The session was…
GST Annual Return FY 2022-23
The registered person whose aggregated turnover in the financial year 2022-23 is up to two crore rupees, has been exempted from filing annual return for the said financial year. Refer Notification No. 32/2023-CT dated 31.07.2023.
GSTR-9 & GSTR-9C FY 2022-23 – Important points
I. Introduction – With the time limit to make amendments and claim ITC in respect of FY 2022-23 being the GST returns of October 2023, the businesses are hustling to complete their reconciliation of both revenue and ITC and make…
The Goa (Recovery of Arrears of Tax, Interest and Penalty, Other Dues through Settlement) Act, 2023
Press Note has been released to highlight the ‘Settlement Scheme, 2023’ issued to settle the tax dues of the years from 1963-64 to 2017-18 (till 30/06/2017). PRESS NOTE The Goa (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through…
Common Offline Utility for filing Income-tax Returns (ITR) 1, ITR 2, ITR 3, and ITR 4
The Central Board of Direct Taxes has released an updated Common Offline Utility for filing Income-tax Returns (ITR) 1, ITR 2, ITR 3, and ITR 4 for the Assessment Year (A.Y.) 2023-24. Taxpayers can download the ITR Offline Utility through…
2 Factor authentication
IRP has update that 2-Factor authentication is mandatory for selected taxpayer as specified below. 11.09.2023: 2-Factor Authentication for all taxpayers with AATO above Rs 20 Cr is mandatory from 1st November 2023. 28.07.2023 – Mandatory 2 Factor Authentication(for taxpayers with…
Advisory on NEW Time limit for Reporting of Invoices on the IRP Portal
IRP has published an advisory on the time limit of generating an e-invoice. In the advisory it is mentioned that “It has been decided by the GST Authority to impose a time limit of 30 days for reporting of invoices…
Kerala State Goods & Services Tax Department – Maintenance of Call Book -instructions issued-reg:
Kerala State Circular No. : 13/2023 dated 22.06.2023 File No SGST/1949/2023-PLC9 dated 22-06-2023 I. Section 75(1) of the SGST Act 2017 states that, where the service of notice or issuance of order is stayed by order of a court or…