Tag: gstn advisory
GSTN Advisory on HSN Code Reporting in e-Invoice on IRPs Portal As per the notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies …
GSTN Advisory for the taxpayer wishing to register as “One Person Company” in GST Portal As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is defined as a company which has only one person as member. Some issues have been raised by the …
GSTN launches e-invoice registration services with private IRPs GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these e-invoice registration services to …
Functionality of geocoding of Principal Place of Business Address in GST Portal made available in Two States GSTN has made available the functionality for geocoding the principal place of business address (i.e. the process of converting an address or description of a location into geographic coordinates) on the …
Launch of New GST e-Invoice Portal GSTN has launched four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. As a result, the beta launch of a new e-Invoice portal (www.einvoice.gst.gov.in), has been done where taxpayers can find comprehensive information on e-invoice compliance in a …
Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA) In compliance of Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022, an option is being provided on the portal to all the existing taxpayers providing Goods Transport Agencies Services, …
Introduction of Negative Values in Table 4 of GSTR-3B – GSTN Advisory The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal and …
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is available for the taxpayers who have filed their pending …
Single Click Nil Filing of GSTR-1 Return – Guide In order to further simplify the return filing experience a single click NIL filing of GSTR-1 has been introduced on GST Portal. Taxpayers can now file NIL GSTR-1 return by simply ticking the check box File NIL GSTR-1available at …
Negative balance in cash ledgers of some composition taxpayers to be nullified GSTN has issued an advisory on negative balance in cash ledgers of some composition taxpayers. According to it, due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the …
