Attention
Posted Date : 18-Oct-2024 , 07:33:19 pm | Posted By CASANSAAR
Attention – Hard - Locking of auto-populated liability in GSTR-3B
Oct 17th, 2024
1. In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously improving the GST return filing process and in this endeavor the GST Portal now provides a ...
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GST |
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GST Advisory on IMS - GSTN
Posted Date : 15-Oct-2024 , 05:58:06 am | Posted By CASANSAAR
Attention - Advisory on IMS
Oct 14th, 2024
Invoice Management System (IMS) is made available to taxpayers from Today, 14th Oct, 2024. The new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (IT...
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GST |
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GSTN Important advisory for GSTR-9 / 9C
Posted Date : 15-Oct-2024 , 05:57:42 am | Posted By CASANSAAR
Important advisory for GSTR-9/9C
Oct 15th, 2024
Starting FY 2023-24, GST system will auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3(I) of GSTR-2B to table 8A of GSTR-9. These changes in GSTR-9 and 9C for the FY 2023-24 will be availab...
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GST |
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New GST Provision for Metal Scrap Transactions - GSTN Advisory
Posted Date : 14-Oct-2024 , 06:45:19 am | Posted By CASANSAAR
The government has issued Notification 25/2024-Central Tax, on October 9, 2024.under GST Section 51 of the CGST Act, 2017 mandating compliance by the businesses dealing with Metal Scrap.
The GST portal will soon be updated to enable compliance of registration through FORM GST REG-07 by thes...
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GST |
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No GST on foreign airlines for service imports from offshore branches - CBIC
Posted Date : 10-Oct-2024 , 09:16:28 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has notified that foreign airline companies in India would be exempt from paying GST on services imported from their offshore branches. The circular follows a recommendation made by GST Council on September 9.
Experts say this would grant rel...
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GST |
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CBIC orders immediate de-mapping of retired, transferred officers from GST portal
Posted Date : 05-Oct-2024 , 10:41:57 am | Posted By CASANSAAR
The CBIC on Friday issued a directive to zonal heads to immediately de-map officers from the GST portal upon their retirement or transfer. This aims to prevent unauthorised access and potential fraudulent activities.
The move was initiated on the reference received from the Directorate Gene...
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GST |
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GSTN e-Services App to Replace e-Invoice QR Code Verifier App Shortly
Posted Date : 02-Oct-2024 , 11:18:44 am | Posted By CASANSAAR
Advisory: GSTN e-Services App to Replace e-Invoice QR Code Verifier App Shortly
Oct 1st, 2024
Dear Taxpayers,
GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App. This app offers the following features:
Veri...
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GST |
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Gross and Net GST revenue collections for the month of Sep, 2024
Posted Date : 01-Oct-2024 , 08:51:01 am | Posted By CASANSAAR
Gross and Net GST revenue collections for the month of Sep, 2024
Please click on the link below to view the gross and net GST revenue collections for the month of September, 2024.
(https://tutorial.gst.gov.in/downloads/news/revenue_report_sep24.pdf )
Thanks,
Team G...
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GST |
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GSTN Restores 2017 GST Returns Data
Posted Date : 30-Sep-2024 , 08:30:00 am | Posted By CASANSAAR
GST Network on Sunday said the monthly returns data of July and August 2017, the initial months of the Goods and Services Tax rollout, has been restored on the portal.
The GSTN had last week said it is implementing its data policy, as per which data for taxpayers will be retained for seven years ...
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GST |
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Issuance of Notices/Orders without digital signatures of the issuing authorities - GSTN
Posted Date : 26-Sep-2024 , 09:48:52 am | Posted By CASANSAAR
Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities
Sep 26th, 2024
Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. SCN/Orders without the Digital signatures on the pdf. document downl...
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GST |
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Archival of GST Returns data on GST portal - GSTN
Posted Date : 25-Sep-2024 , 12:37:38 am | Posted By CASANSAAR
Archival of GST Returns data on GST portal
Sep 24th, 2024
1. Section 39 (11) of the CGST Act, 2017 , implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, provides that the taxpayers shall not be allowed file their GST returns after the expir...
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GST |
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GST evasion doubles in FY24; Mumbai top in detection list
Posted Date : 17-Sep-2024 , 10:42:46 am | Posted By CASANSAAR
Tax evasion of Rs 2.01 lakh crore was detected in the financial year 2023-24, nearly double from Rs 1.01 lakh crore detection in the previous financial year under the Goods and Services Tax (GST) regime, data released by the Directorate General of GST Intelligence (DGGI) on Saturday showed. Mumbai t...
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GST |
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CBIC issues clarification on place of supply for advertising services provided to foreign clients
Posted Date : 13-Sep-2024 , 10:54:57 am | Posted By CASANSAAR
The Central Board of Indirect Taxes & Custom (CBIC) on Thursday clarified different taxation related issues concerning advertising services provided to foreign clients by Indian advertisement companies. This is based on GST Council’s recommendation as agreed upon in September 9 meeting.
...
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GST |
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Recommendations during 54th meeting of the GST Council
Posted Date : 10-Sep-2024 , 08:19:07 am | Posted By CASANSAAR
The 54th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today.
The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya; Deputy Chief M...
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GST |
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Biometric-Based Aadhaar Authentication & Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab
Posted Date : 06-Sep-2024 , 09:56:58 pm | Posted By CASANSAAR
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 been amended to provide ...
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GST |
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Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5 - GSTN
Posted Date : 04-Sep-2024 , 06:32:15 am | Posted By CASANSAAR
Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be reported in Table 5 of Form GST...
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GST |
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GST Collections Rise 10% to Rs 1.75 lakh Cr. in August 2024
Posted Date : 01-Sep-2024 , 09:30:05 am | Posted By CASANSAAR
Goods and Services Tax (GST) collections in August went up by 10 per cent from the same period last year to Rs 1,74,962 crore, according to official statement of government. This growth was observed across all categories: Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess.
A ye...
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GST |
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Introduction of RCM Liability/ITC Statement - GSTN
Posted Date : 24-Aug-2024 , 09:36:41 am | Posted By CASANSAAR
To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions by capturing the RCM liability show...
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GST |
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Over Rs 80,000 Cr worth GST notices issued for Assessment Year 2018-22
Posted Date : 23-Aug-2024 , 07:46:09 am | Posted By CASANSAAR
The investigation arm of the Goods and Services Tax (GST) authority has issued over 20,000 notices pan-India for assessment year (AY) 2017-18 to AY2021-22, involving tax demand of over Rs 80,000 crore, according to an initial estimation.
The Directorate General of GST Intelligence has shot the no...
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GST |
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SBI Life gets GST demand notice of Rs 239 Cr
Posted Date : 23-Aug-2024 , 07:29:16 am | Posted By CASANSAAR
SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20.
The company has received an order for interest and penalty from the Deputy Excise & Taxation Commissioner, Ro...
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GST |
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CBIC to begin special drive to weed out fake GST registration on Aug 16
Posted Date : 13-Aug-2024 , 09:34:57 pm | Posted By CASANSAAR
Central and state GST officers will launch a pan-India special two-month drive against fake registration beginning August 16, the CBIC said on Monday.
This is the second such drive to identify fake registrations under Goods and Services Tax (GST). Fake GST registrations are usually taken to fraud...
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GST |
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GST Registration Can't Be Cancelled on Unspecific Show Cause Notice - High Court
Posted Date : 10-Aug-2024 , 08:37:44 am | Posted By CASANSAAR
The Delhi High Court has held that the GST registration cannot be cancelled on cryptic allegations and on the basis of the Show Cause Notice, which did not state any specific allegation, which could be explained by the taxpayer.
The court held that a show cause notice must clearly state the reaso...
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GST |
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Infosys gets GST demand for alleged GST evasion of Rs 32,000 Cr
Posted Date : 01-Aug-2024 , 08:48:43 am | Posted By CASANSAAR
India’s second-largest IT company Infosys has received demand for alleged tax evasion of over Rs 32,000 crore from the Directorate General of GST Intelligence (DGGI), according to a document viewed by Moneycontrol.
"In lieu of receipt of supplies from overseas branch offices, the Compa...
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GST |
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Fake ITC Claims Up 51% to Rs 36,374 Cr in FY24 - GST
Posted Date : 30-Jul-2024 , 08:44:48 am | Posted By CASANSAAR
Fake input tax credit (ITC) claims detection by central GST officers increased 51 per cent to Rs 36,374 crore in 2023-24, Parliament was informed on Monday.
Minister of State for Finance Pankaj Chaudhary shared details of the fake input tax Credit (ITC) cases booked by Central Tax formations duri...
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GST |
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Punjab losing Rs 20,000 Cr to GST evasion each year
Posted Date : 27-Jul-2024 , 08:33:18 am | Posted By CASANSAAR
At a time when Punjab is passing through the toughest financial crisis, the SGST Department has completely failed to check the evasion of revenue. Due to such evaders, the state is losing huge revenue of more than Rs 20,000 crore a year. The Federation of Punjab Small Industries Association (FOPSIA)...
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GST |
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GSTN Advisory for FORM GSTR-1A
Posted Date : 27-Jul-2024 , 08:23:01 am | Posted By CASANSAAR
FORM GSTR-1A
1. The Government vide notification No. 12/2024 – Central Tax dated 10.07.2024, has introduced FORM GSTR-1A which is an optional Form/ facility. This has been provided to the taxpayers to add or amend particulars of a supply of the current t...
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GST |
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Integrated Services from NIC-IRP e-invoice-1 and e-invoice-2 Portals
Posted Date : 16-Jul-2024 , 09:45:21 pm | Posted By CASANSAAR
GSTN wish to inform that NIC is releasing the integrated services from e-invoice-1 and e-invoice-2 portals on 18th July 2024 on sandbox portals and 1st Aug 2024 on the production portals. These portals run in parallel and now allow for seamlessly inter-operations. The highlights of th...
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GST |
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Refund of additional IGST paid on account of upward revision in prices of goods subsequent to exports
Posted Date : 15-Jul-2024 , 07:11:37 am | Posted By CASANSAAR
1. GST Council has approved that application of refund of additional IGST paid on account of upward revision in prices of goods subsequent to exports may also be processed by Tax Administration. Accordingly, Notification No. 12/2024-Central Tax dt. 10th July, 2024 has also been issued. GST...
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GST |
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CBIC issues fresh norm for recovery of GST dues
Posted Date : 13-Jul-2024 , 09:50:36 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has issued a fresh guideline to address the recovery of outstanding dues till the Goods and Services Tax Appellate Tribunal (GSTAT) becomes functional.
Taxpayers can escape the tax recovery process by paying the pre-deposit amount via their e...
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GST |
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Increase in size of documents upload for GST New Registration and Amendment
Posted Date : 10-Jul-2024 , 08:13:42 am | Posted By CASANSAAR
GSTN is pleased to inform that changes have been made in size of document upload in Principal Place of Business and Additional Place of Business for New Registration and Amendment catering to the grievances received in the matter from trade.
Taxpayer can now upload following documents up to ...
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