Input tax credit mismatch as per GSTR-2A and GSTR-3B Top 5 High Court judgments of 2024 related with GST mismatch as per GSTR-2A and GSTR-3B, In the Matter of NRB Bearings Ltd. vs Commissioner of State Tax (14-Feb-2024) Bombay High Court allowed the rectification of clerical error in GSTR-1 to restore Input Tax Credit, prioritizing fairness …
Overview of Goods and service Tax (GST) Appeal Within three months of the date the judgement or order is informed to them, any taxpayer or unregistered individual who feels wronged by a decision or order rendered against them may file an appeal with the Appellate Authority. What are the steps of GST appeals Filling? Appeal …
GSTN Advisory on Improved E-Invoicing Initiatives & Introductions Improved E-Invoice Portal The e-invoice master information portal, the e-invoice QR Code Verifier app, and the additional five new IRP portals were successfully launched a year ago. The Goods and Services Tax Network is pleased to announce the launch of the updated e-invoice master information portal at …
E-Way Bill Changes – GSTN Advisory Withdrawn on Compulsory E-Invoice Link w.e.f. 1st March 2024 : GSTN Advisory on Blocking the E-Way Bill issuing or generation without e-Invoice/ unique Invoice Reference Number (IRN) has been withdrawn. Blocking the E-Way Bill generation without e-Invoice/ unique Invoice Reference Number (IRN) details for B2B and B2E transactions for …
DRC-01B (GSTR 3B Vs GSTR 1) functionality implemented on GSTN Portal – GST Update New GST Form DRC-01B and GST Rule 88C has been inserted recently, this will be an intimation form for the Differences in GSTR-3B & GSTR-1 for the tax period if difference more an specific percentage or amount limit, so GST taxpayers …
GSTN Advisory on IFF or GSTR-1 New 14 & 15 tables The GSTN Advisory on Invoice Furnishing Facility or GSTR-1 : Update on introduction of New 14 & 15 tables This GST Advisory provides clarification on disclosure in cases such as: ✅ Where Supplier is GST Registered, but recipient is not ✅ Where Supplier & …
What is GST Form DRC-01A? GST Form DRC-01A is an kind of formal intimation form used by the GST dept in India to inform GST Taxpayers about any goods and Services tax, interest, or penalty section 73(1) or 74 of the CGST Act that has been ascertained as payable by them. GST Form DRC-01A is …
FORM DRC-22- Automatic restoration of provisional attached property The Goods and Services Tax Council’s Fifty Two meeting was held under chairpersonship of the Nirmala Sitharaman (Union Finance & Corporate Affairs Minister) in Delhi on October 07, 2023. Goods and Services Tax Council recommended amendment in Rule 159(2) of the CGST Rules, 2017 and Goods and …
New Goods and Services Tax Advisory on Reporting of Input Tax Credit Reversal Opening Balance Under the GST Mechanism owner of businesses origination are allowed to claim ITC on GST paid on its purchases of services & goods. But, In such case few conditions & situations where Input Tax credit required to be reduced & …
GST Provision related to GTA (GOODS TRANSPORT AGENCY) Important amendment for good transport agency (GTA) under Reverse charge mechanism (RCM) & forward charge. As per new Notification certain option has been provided to goods transport agency (GTA) to charge GST under Forward charge and there are certain changes in Reverse charge mechanism (RCM) U/s 9(3) …