Tag: gstn advisory
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 …
Functionality of 6% tax rate in GSTR-1 online added except HSN table 12 Addition of 6% tax rate in GSTR-1 online It may be noted that 6% tax rate has been added in the item details section of all the tables of form GSTR-1, except HSN table 12. …
GSTN advisory on temporary measure on reporting 6% rate in GSTR-1 GSTN advisory on temporary measure on reporting 6% rate in GSTR-1 A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March 2022. …
Auto Interest Calculator in GSTR-3B. Upcoming new Functionality As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator has been released in GSTR-3B. According to GTN, this functionality will arrive at the system computed interest on …
GSTN Advisory on Revamped Search HSN Code Functionality GSTN has issued an advisory on Revamped Search HSN Code Functionality. The Search HSN functionality was earlier given as a measure of facilitation to the taxpayer to search the Technical Description of any particular HSN code of any …
HSN and GSTR-1 Filing errors and their resolution- GSTN Advisory In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2020, taxpayers have to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from …
Implementation of Rule-59(6) on GST Portal from 01.09.2021 for blocking of furnishing of FORM GSTR-1 Rule-59(6) of CGST Rules, 2017 was inserted vide Notification No. 1/2021 dated 1st January 2021, provides for blocking of furnishing of FORM GSTR-1 and invoice facility if GSTR-3B not filed as under: (a) …
GSTN Advisory for Taxpayers regarding Blocking of E-Way Bill (EWB) generation facility resume after 15th August, 2021. Blocking of E-Way Bill (EWB) generation facility resume after 15th August, 2021 1. As you might be aware that the facility of blocking E way bill generation had been temporarily suspended …
