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Category: GST Compliance

June 16, 2025 / GST Compliance

GSTN: Non-editability of Auto-Populated Liability in GSTR-3B

Implementation of Non-Editable Auto-Populated Tax Liability in GSTR-3B from July 2025 Tax Period The GST Portal currently auto-populates tax liabilities in GSTR-3B based on outward supplies declared in GSTR-1, GSTR-1A, and IFF. Until now, taxpayers could edit these auto-populated values directly in GSTR-3B. Upcoming Change: Effective from the July 2025 tax period (to be filed …

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June 15, 2025 / GST Compliance

HSN Code Requirements Based on Annual Turnover

HSN Code Requirements Based on Annual Turnover Below Summary table showing the requirement of HSN code reporting under GST based on a taxpayer’s annual turnover Annual Turnover of Taxpayer HSN Code Requirement Up to INR 1.50 crore Optional—HSN code reporting not mandatory INR 1.50 crore to INR 5.00 crore 2-digit HSN code must be mentioned …

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May 4, 2025 / GST Compliance

GSTN Advisory: Changes Effective from May 2025 Return Period

GSTN Advisory: Changes Effective from May 2025 Return Period Reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A Key Highlights of GSTN Advisory – May 1, 2025 Background: As per Notification No. 78/2020 – Central Tax, dated 15th October 2020, taxpayers must report HSN codes in Table 12 …

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April 29, 2025 / GST Compliance

Compulsory ITC Reversal for Non-Payment within 180 Days

Conditions to Avail Input tax credit – Section 16(2)  : Input tax credit conditions under GST must comply with before claiming Input tax credit, based on Section 16 of the CGST Act, 2017, Eligibility to Claim Input tax credit – Who can claim Input tax credit : Only a registered person (not under Composition Scheme) using …

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March 27, 2025 / GST Compliance

Payment to ChatGPT for Add-on Features is covered Under GST

Payment to ChatGPT for Add-on Features is covered Under GST GST implications on payments made to OpenAI (ChatGPT) for add-on features is well-structured and aligns with Indian GST laws regarding Online Information and Database Access or Retrieval (OIDAR) Services. GST Compliance Summary: ChatGPT for Add-on features is covered under GST: Classification of ChatGPT Services under …

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February 17, 2025 / GST Compliance

Finance Bill 2025 Impact on Blocked Credit, Credit Note, ISD

Finance Bill 2025 Impact on Blocked Credit & Credit Note, ISD The Finance Bill 2025 introduces key amendments under the GST framework, significantly impacting input service distributors, blocked credits, and credit notes. The amendments streamline tax credit distribution, remove ambiguities in blocked credit and credit note adjustments, and settle the taxation of vouchers. These changes …

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January 30, 2025 / GST Compliance

GSTR-2B EXCEL MODULE INTRODUCED WITH 6 MORE TABLES STARTING

GSTR-2B EXCEL MODULE INTRODUCED WITH 6 MORE TABLES STARTING JAN 2025 Starting January 2025, the Goods and Services Tax system in India has introduced significant updates to the GSTR-2B Excel module, incorporating six additional tables to enhance the identification of ineligible Input Tax Credit. These new tables categorize rejected ITC for taxable inward supplies, amendments, …

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January 27, 2025 / GST Compliance

ITC denial: Bonafede purchaser due to seller non-compliance

ITC denial to Bonafide purchasers due to sellers’ non-compliance The Gauhati High Court’s ruling in the case of National Plasto Moulding Pvt. Ltd. vs. State of Assam & Ors. is a critical development in GST law, addressing the denial of Input Tax Credit to bona fide purchasers due to non-compliance by sellers. This ruling is …

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January 11, 2025 / GST Compliance

SC Stay ₹1.5 trillion of GST notice against online gaming Co

Supreme Court: Stay INR 1.5 trillion worth of GST notices against Online Gaming Co. The recent Supreme Court decision to stay INR 1.5 trillion worth of goods and services tax notices against online gaming companies has significant implications for both the gaming industry and tax authorities. Here’s a detailed breakdown of the developments Key Details …

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January 11, 2025 / GST Compliance

GST Compliance for Credit Notes: Separate SAC/ HSN code

GST Compliance for Credit Notes: a separate SAC or HSN  code In GST, credit notes for trade discounts and cash discounts are linked to the original transaction and are not assigned a separate SAC (Service Accounting Code) or HSN (Harmonized System of Nomenclature) code. Here’s how it works: Reference to the Original Invoice: A credit note …

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