Category: GST
Archival of GST Returns data on GST portal – Archived GST Returns data on GST portal will not be available to view beyond 7 years 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, …
Frequently Asked Questions (FAQs) on GSTN Invoice Management System (IMS) The GST Common Portal has introduced Invoice Management System (IMS), revolutionizing the way recipient taxpayers interact with invoices. This innovative feature empowers taxpayers to seamlessly accept, reject, or keep invoices pending in the system to avail later as …
Adjustment of ITC appearing in second GSTN when two GSTN allotted – Hon’ble High Court directs fresh order to be passed. In a recent judgment, the Hon’ble Allahabad High Court has quashed the GST demand and directed GST authorities to pass a fresh order allowing adjustment of ITC …
Allahabad High Court warns GST authorities using pressure tactics by issuing advisory letters In a recent judgment, Hon’ble Allahabad High Court has warned the GST authorities using pressure tactics by issuing advisory letters and quashed the letter issued advising petitioner to make voluntary payments without issuing any show …
CBIC issues circular clarifying certain issues as per the recommendation of GST Council 54th meeting. CBIC has issued CGST Circulars to implement the recommendation of GST Council 54th meeting. The GST Council has inter alia recommended for: 1. To clarify that where the inputs were initially imported without …
Recommendations during 54th meeting of the GST Council held on 09.09.2024. The 54th meeting of the GST Council was held at New Delhi today on 09.09.2024. The GST Council inter-alia made the following recommendations relating to changes in GST tax rates, provide relief to individuals, measures for facilitation of trade and measures …
High Court grants bail to ITC scam accused as GST liability was yet to be not determined. In a recent judgment, Hon’ble High Court of Punjab & Haryana granted bail to ITC scam accused as GST liability was yet to be determined and the assessee was not habitual …
GST appeal cannot be dismissed for non filing certified copy of impugned order In a recent judgment, Hon’ble Allahabad High Court has reiterated that non filing of certified copy of the impugned order within time in the GST appeal filed through electronic mode is a technical error and …
Introduction of RCM Liability / ITC Statement on GST Portal In order 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 …
Advisory for furnishing bank account details before filing GSTR-1 or Invoice Furnishing Facility (IFF) from 01.09.2024 As per Rule 10A of Central Goods and Services Tax Rules, 2017 notified vide notification no. 31/2019 dated 28.06.2019, a taxpayer is required to furnish details of a valid Bank Account within …
