Biometric-Based Aadhaar Authentication & Document Verification for GST Registration Applicants of Maharashtra & Lakshadweep
Posted Date : 08-Feb-2025 , 01:40:14 pm | Posted By CASANSAAR
Feb 8th, 2025
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process.
1. Rule 8 of the CGST Rules, 2017 has b...
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GST Advisory On E-Way Bill Generation for Goods Under Chapter 71
Posted Date : 07-Feb-2025 , 12:04:06 am | Posted By CASANSAAR
Rule 138(14) of the Central Goods and Services Tax (CGST) Rules, 2017, read with its Annexure S.Nos. 4 and 5, states that goods covered under Chapter 71 viz., Natural or cultured pearls and precious or semi-precious stones; precious metals and metals clad with precious metal, Jewellery, goldsmiths&r...
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Gross and Net GST revenue collections for the month of Jan, 2025
Posted Date : 01-Feb-2025 , 05:34:02 pm | Posted By CASANSAAR
Feb 1st, 2025
Please click on the link below to view the gross and net GST revenue collections for the month of January, 2025.
(https://tutorial.gst.gov.in/downloads/news/approved_monthly_gst_data_for_publishing_jan_2025.pdf )
Thanks,
Team GSTN
...
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GST |
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CBIC Clarifies No GST on penal charges levied by banks
Posted Date : 31-Jan-2025 , 07:38:47 pm | Posted By CASANSAAR
No GST on penal charges: The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal charges on loans. Penal charges are payments in the nature of liquidated damages for breach of contract and hence are not a consideration for tolerating...
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GST |
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CBIC clarified No GST on penal charges levied by banks, NBFCs
Posted Date : 29-Jan-2025 , 08:05:15 am | Posted By CASANSAAR
GST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such charges being deemed as breaches of contract terms. Additionally, GST exemption applies to Payment Aggregators for transactions up to Rs 2,000, but not to Payment Gateway servi...
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Biometric-Based Aadhaar Authentication & Document Verification for GST Registration Applicants of Tamil Nadu and HP
Posted Date : 28-Jan-2025 , 06:38:31 pm | Posted By CASANSAAR
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Tamil Nadu and Himachal Pradesh
Jan 28th, 2025
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It i...
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GST |
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Hard - Locking of auto-populated liability in GSTR-3B
Posted Date : 27-Jan-2025 , 05:50:40 pm | Posted By CASANSAAR
Hard - Locking of auto-populated liability in GSTR-3B
Jan 27th, 2025
1. Please refer to the advisory dated October 17, 2024 , regarding the restricting the editing of auto-populated liability in GSTR-3B from the January 2025 tax period.
...
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GST |
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GST Introduction of E-Way Bill (EWB) for Gold in Kerala State
Posted Date : 27-Jan-2025 , 12:57:17 pm | Posted By CASANSAAR
GST Advisory on the Introduction of E-Way Bill (EWB) for Gold in Kerala State
Jan 27th, 2025
Dated: January 24, 2025
It is hereby informed that a new option for generating E-Way Bills (EWB) for gold has been introduced in the EWB system, effective from January 20, 2025. This fea...
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GST |
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CBIC notifies rules for entities to get Temporary Identification Number under GST
Posted Date : 25-Jan-2025 , 08:26:38 am | Posted By CASANSAAR
Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN).
The Central Board of Indirect Taxes and Customs (CBIC) has notified an amendment to GST rules to issue TIN to entitie...
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GST |
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CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
Posted Date : 25-Jan-2025 , 08:22:22 am | Posted By CASANSAAR
It has been recently observed that some individuals with fraudulent intent are creating and sending fake summons to the taxpayers who may or may not be under investigation by the Directorate General of GST Intelligence (DGGI), Central Board of Indirect Taxes and Customs (CBIC).
The fake summons r...
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GST |
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GST Advisory on Business Continuity for e-Invoice and e-Waybill Systems
Posted Date : 24-Jan-2025 , 02:16:11 am | Posted By CASANSAAR
Jan 24th, 2025
Dear Taxpayers,
This advisory is issued to highlight the alternate mechanisms and business continuity plans available for both the e-Invoice and e-Waybill systems.
If you have not integrated these alternate mechanisms into your existing systems or are not currently utilisin...
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GST |
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Phase III of HSN code reporting in GSTR-1/1A to roll out from February
Posted Date : 23-Jan-2025 , 07:17:26 pm | Posted By CASANSAAR
Experts say these changes will reduce reporting errors and boost GST compliance accuracy To ensure accuracy and consistency in GST compliance, GSTN has decided to implement phase III of mandatory HSN code reporting from next month. Experts say that this change will enable GSTN to compile more value-...
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GST |
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Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Posted Date : 23-Jan-2025 , 06:45:24 pm | Posted By CASANSAAR
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Jan 22nd, 2025
After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period February 2025. In th...
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GST |
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SC asks GST Department to Rectify issues over Fake Invoices
Posted Date : 17-Jan-2025 , 10:20:56 am | Posted By CASANSAAR
The Supreme Court flagged a recurring problem in GST matters whereby genuine purchasers who paid Goods and Services Tax (GST) face issues because their suppliers raised fictitious bills to evade crediting the GST to the department.The Court orally wondered how could the purchaser be held liable
T...
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GST |
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GST Advisory for Waiver Scheme under Section 128A
Posted Date : 14-Jan-2025 , 06:57:36 pm | Posted By CASANSAAR
GST Advisory for Waiver Scheme under Section 128A
Jan 14th, 2025
1. Taxpayer’s attention is invited to the advisory on the above subject issued by GSTN on 29.12.2024. The link for the said advisory is given here:
https://services.gst.gov.in/services...
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GST |
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Generation Date for Draft GSTR 2B for December 2024
Posted Date : 14-Jan-2025 , 04:28:06 pm | Posted By CASANSAAR
Generation Date for Draft GSTR 2B for December 2024
Jan 14th, 2025
This is to inform you that, in light of the extended due dates for filing GSTR-1 and GSTR-3B returns for the month of December 2024 (Quarter Oct-Dec 2024) as per Notifications No. 01/2025 and 02/2025 dated 10th January 2025, th...
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GST |
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GST officers must explain 'grounds of arrest' to offenders, obtain acknowledgement: CBIC
Posted Date : 13-Jan-2025 , 06:27:01 pm | Posted By CASANSAAR
GST officers must explain 'grounds of arrest' to offenders, obtain acknowledgement: CBIC
NEW DELHI: GST officers will now have to explain to offenders about the "grounds of arrest" and obtain a written acknowledgement from them, the CBIC said on Monday.
Modifying the guidelines...
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GST |
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New changes made in GSTR-1 from January 2025
Posted Date : 13-Jan-2025 , 04:32:49 pm | Posted By CASANSAAR
New changes made in GSTR-1 from January 2025
When you file GSTR-1 on or before February 11, 2025, the specified new rules will have to be followed otherwise the return will be considered faulty. If the supplier's GSTR-1 is faulty then the buyer's GSTR-2B will get populated with wrong deta...
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GST |
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Garment Trade Associations urge GoM to abandon GST rate modification proposal
Posted Date : 11-Jan-2025 , 07:00:46 pm | Posted By CASANSAAR
Garment Trade Associations urge GoM to abandon GST rate modification proposal
In a landmark meeting, they passed a unanimous resolution urging the Group of Ministers (GoM) to abandon its proposal to modify Goods and Services Tax (GST) rates in the garment sector and retain the existing structure ...
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GST |
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Extension of Due Date w.r.t GSTR 1 and GSTR 3B
Posted Date : 11-Jan-2025 , 10:57:00 am | Posted By CASANSAAR
Advisory on Extension of Due Date w.r.t GSTR 1 and GSTR 3B
Jan 10th, 2025
Dear Taxpayer,
Due Date for filling of GSTR-1 and GSTR-3B have been extended by two days. For details refer to Notification No. 01/2025 – (CT) dt. 10th January, 2025 and Notification N...
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GST |
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SC stays GST notices worth over Rs 1 lakh crore against Online Gaming firms for tax fraud
Posted Date : 10-Jan-2025 , 07:23:16 pm | Posted By CASANSAAR
SC stays GST notices worth over Rs 1 lakh crore against Online Gaming firms for tax fraud
NEW DELHI: The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
A bench of Justi...
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GST |
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Govt extends monthly GST return, payment deadline
Posted Date : 10-Jan-2025 , 07:18:58 pm | Posted By CASANSAAR
Snag in system: Govt extends monthly GST return, payment deadline
NEW DELHI: The government on Friday extended the deadline for filing monthly GST sales return form GSTR-1 and GST payment by 2 days after taxpayers reported technical glitches in the GSTN system.
As per a notification by the Cen...
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GST |
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GST Registered Taxpayers can claim Pending Input Tax Credit
Posted Date : 09-Jan-2025 , 04:55:43 pm | Posted By CASANSAAR
GST Registered Taxpayers can claim Pending Input Tax Credit
GSTR-3B: Now GST registered taxpayers can claim pending input tax credit relating to past years namely financial year 2017-18, 18-19, 19-20 and 20-21 by filing an online rectification application. GSTN said, "A functionality has now...
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GST |
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Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Posted Date : 09-Jan-2025 , 04:37:04 pm | Posted By CASANSAAR
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Jan 9th, 2025
After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase m...
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GST |
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Big relief for GST taxpayers with multiple GST shows cause notices running in Kerala
Posted Date : 08-Jan-2025 , 08:09:25 am | Posted By CASANSAAR
Big relief for GST taxpayers with multiple GST shows cause notices running in multiple districts Kerala
Goods and services tax notice: Now taxpayers get relief from multiple GST notices pertaining to similar issue as these multiple notices will now be heard by a common adjudicating authority. Exp...
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GST |
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Biometric-Based Aadhaar Authentication & Document Verification for GST Registration Applicants of Rajasthan
Posted Date : 08-Jan-2025 , 05:21:37 pm | Posted By CASANSAAR
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Rajasthan
Jan 8th, 2025
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the fol...
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Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024
Posted Date : 08-Jan-2025 , 05:18:25 pm | Posted By CASANSAAR
Jan 7th, 2025
The Central Government, on the recommendations of the 54th GST Council, had issued Notification No. 22/2024 – CT dated 08.10.2024 and notified that any registered person against whom any order confirming demand for wrong availment of ITC, on account of contravention ...
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GST |
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Panipuri seller from Tamil Nadu receives GST notice
Posted Date : 04-Jan-2025 , 04:17:47 pm | Posted By CASANSAAR
Pani puri is one of the most popular street foods in India, which always reminds us of crowded street corners and the crunch of puris filled with spicy water and yummy fillings. But what happens when a beloved 'pani puri wale bhaiyya' suddenly finds themselves in the spotlight for reasons be...
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GST |
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FM Assures No Cause Over Sufficiency of GST Cess Fund
Posted Date : 03-Jan-2025 , 03:01:10 pm | Posted By CASANSAAR
FM Assures No Cause Over Sufficiency of GST Cess Fund
The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all obligations, including back-to-back loan repayments, with a projected minor surplus by March 2026. Collect...
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GST |
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CBIC Clarified that Voucher transaction not liable to GST
Posted Date : 03-Jan-2025 , 12:13:35 am | Posted By CASANSAAR
Voucher transactions not liable to GST: CBIC
India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to GST. GST will only apply to additional services such as marketing or commission-based distribution. Unredeemed vouchers are a...
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