Category: GST
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: •The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of …
Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. CBEC Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. CBEC has issued notifications under Section 168A of the CGST Act, 2017, …
New functionalities to be deployed on GST Portal in the month of July, 2021 As per GSTN advisory, the following changes were recently deployed/ would be deployed shortly, on the GST portal: (1) Registration Module Form/ Functionality Functionality released/ to be released for Taxpayers Current Status Timelines for …
Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers Few important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers are as given below: A. Auto population of GSTR-3B liability from IFF and Form GSTR 1 : A taxpayer …
CBIC further waives penalty for non compliance of capturing dynamic QR code in GST Invoice between the period from 1st December, 2020 to 30th September 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 28/2021 –Central Tax New Delhi, the 30th June, 2021 …
Functionality to check PAN misuse introduced on GST Portal There has been instances of misuse of PAN for obtaining GST registration. In order to check this, a functionality to register such complaints on GST Portal has been introduced. The functionality will check the misuses, control the …
CBIC has issued circulars clarifying regarding applicability of GST rates on various supplies/services. The summary of the clarifications issued is as under Circular No. Subject Circular No. 149/05/2021-GST Clarification regarding applicability of GST on supply of food in Anganwadis and Schools Circular No.150/06/2021-GST Clarification regarding applicability of GST …
Notifications issued for GST rates reductions as per 44th GST Council meeting recommendations CBIC has issued notifications to give effect to the recommendations of 44th meeting of the GST Council for reduction in GST rates. GST Council in its 44th meeting held on 12th June 2021 has recommended …
New functionalities to be deployed on GST Portal-Negative liability statement, downloading Form GSTR-4A & HSN in Excel Format In order to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, the GSTN has decided to …
Recommendations of 44th GST Council Meeting. Change in GST Rates on goods being used in Covid-19 relief and management The 44th GST Council met today under the Chairmanship of Union Finance & Corporate Affairs Minister through video conferencing . The Council decided to reduce the GST rates on …
