Tag: taxontips gst update

Scrutiny of Tally data has shown that there are 636 firms being operated by this syndicate. The mastermind of syndicate ...

Data of GST website under comparison of liability declared and ITC claimed tab not available

Upcoming functionality in GST website – Automatic Interest Calculator in GSTR-3B

January 12, 2022

These system computed interest values will be auto-populated in the Table-5.1 of the GSTR-3B of the next tax-period. The facility ...

Advisory on Revamped Search HSN Code Functionality – GST website

January 10, 2022

To ameliorate this challenge and to make the functionality user friendly, ‘Search HSN’ functionality has been revamped by linking it ...

Implementation of Rule-59(6), as amended, on GST Portal for restriction on filing of GSTR 1 if GSTR 3B not filed

January 5, 2022

This functionality will be implemented on the GST Portal shortly, after which the system will check the filing of preceding ...

Equalisation levy on E-commerce operator | All about equalisation levy

Reporting of supplies notified under section 9(5) / 5(5) by E-commerce Operator in GSTR-3B w.e.f. 01.01.2022

January 5, 2022

In light of the above, E-commerce operator and registered person would report taxable supplies notified under section 9(5) of CGST ...

Rs 1,29,780 crore gross GST Revenue collection for December 2021

January 2, 2022 - Updated on January 3, 2022

The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST ...

Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore

Important changes in GST law effective from 01.01.2022

January 2, 2022

Below are some important changes which shall take place in GST law w.e.f. 01.01.2022 with regard to GST rates, GST ...

GST Impact on Textile Industry and suggestion to increase GST rate on garments

Existing GST rates in textile sector to continue beyond 1st January, 2022 | 46th GST council meeting

January 1, 2022

Earlier there was notification issued according to which GST rates for majority of goods and services under textile sector was ...

Due date for GSTR 9/ 9C for FY 2020-21 extended till 28.02.2022 [Read notification]

December 30, 2021

The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial ...

Further clarification by CBIC for claiming 20% ITC on invoices not available in GSTR – 2A. Circular 123/42/2019 – GST

Input Tax credit limit restricted to the ITC available in GSTR 2A from earlier additional ITC of 5% over and above ITC in GSTR 2A

December 27, 2021

According to above amendment one more condition has been added to section 16 of CGST act, which deals with Input ...

Officers Of Directorate General Of GST Intelligence (DGGI), Ahmedabad With The Support Of Officers Of Local Central GST Initiated Search Operations In Kanpur

December 25, 2021

In the premises of the transporter, M/s Ganpati Road Carriers, more than 200 fake invoices used in the past for transportation of ...

Aadhar authentication for GST registration – What’s new?

Mandatory Aadhaar authentication for person Registered under GST

December 24, 2021 - Updated on December 25, 2021

In the said rule, it is mandatory for the registered person to undergo Aadhaar authentication for the below purposes, Filing ...

E-commerce Operator (Zomato, Swiggy) are liable to pay GST under reverse charge on restaurant service provided through their platform u/s 9(5)

December 21, 2021

2

ECOs are not the recipient of restaurant service supplied through them. Since these are not input services to ECO, these ...

Improvements in GSTR-1 return from 26.11.2021

December 7, 2021