The central government has now cleared the impending decision to set up the national GST Appellate Tribunal. With the new amendment, the state governments across India must make the relevant changes in their respective GST (Goods & Service Tax) laws by the end of October 2023 and set up an appeal bench within their states …
Urgent Notice: All-India Campaign against Fraudulent GST Registrations Unscrupulous individuals are exploiting identities to obtain bogus GST registrations, leading to substantial revenue losses. Together, we can eliminate these fraudulent entities from the GST ecosystem. Let’s safeguard the integrity of the GST system. For more information, click here. To understand it in an easy manner. Read …
It is to tell you that the competent authority has decided to postpone the introduction of a time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover higher than or equal to 100 crores by three months. In this regard, please see the following link to …
The 49th GST Council Meeting was held on February 18, 2023. the following are the key takeaways from the meeting: The government of India has decided to clear the entire pending balance GST compensation of ₹16,982 crore for June 2022. Approval of the Report of GoM on capacity-based taxation and special composition scheme in certain sectors …
The Central Board of Indirect Taxes and Customs (CBIC) issued a notification on 15th November, 2022 to allow Input Tax Credit (ITC) claims and amendment of invoices till 30th November, 2022. Read more about CBIC NOTIFICATION No. 22/2022
Hi Taxpayers!, With effect from October 1, businesses with turnover exceeding 10 crores will be required to use e-invoicing under the government’s Central Board of Indirect Taxes and Customs (CBIC). At the present time, companies with an annual turnover of more than ₹20 crores must use e-invoices. Read more about Notification No. 17/2022
As July 1st marks 5 years of GST, we witnessed the 47th GST Council meetings on the 28th and 29th of June 2022. The meeting is crucial as it brings major amendments including modification to Form GSTR-3B, rate revisions and withdrawal of exemptions, inversion corrections, and IT-related measures. Here is the press release for the …
As per the recent notification issued by CBIC (Notification No. 06/2022-Central Tax dated 17.05.2022). The due date of payment of tax for April 2022 by taxpayers under the QRMP scheme in FORM GST PMT-06 till 27th May 2022. Read the full notification here: English: https://bit.ly/3wp5Npd Hindi: https://bit.ly/3Mt3Pd0
As per the recent notification issued by CBIC (Notification No. 05/2022-Central Tax dated 17.05.2022). The due date for filing FORM GSTR-3B for April 2022 has been extended to 24th May 2022. Read the full notification here: English: https://bit.ly/3LuY4dr Hindi: https://bit.ly/37UV6Bl
As per the latest notification issued in the Gazette of India , e-invoicing is now mandatory for all those taxpayers whose aggregate turnover exceeds the mark of INR 20 Crores from 1st April 2022. To know more about this notification click here.
