News

Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B

You can access and download the above said documents by clicking on the link below:https://tutorial.gst.gov.in/downloads/news/e-invoice_api_integration_guide_irps.pdf

The Goods and Services Tax Network (“GSTN”) has issued an Advisory on Reporting of ITC Reversal Opening Balance. Please read the following advisory carefully before proceeding ahead for reporting the ITC Reversal opening balance: Taxpayers are permitted to use this facility to report their ITC Reversal Balance that has not been re-claimed.The taxpayer is advised …

GSTN issued Important Advisory on Reporting of ITC Reversal Opening Balance Read More »

1.As per the direction from the Government, the GSTN has developed and launched a mobile application (available on iOS and Android platforms) and also a web portal for the “Mera Bill Mera Adhikaar” scheme. 2. This scheme will be implemented from 1st September, 2023 initially in the States of Gujarat, Assam, Haryana and UTs of Puducherry and …

ADVISORY: MERA BILL MERA ADHIKAAR SCHEME Read More »

Very Important Decisions were taken in the 50th GST Council meeting today. Brief given below:

GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of a location into geographic coordinates, has been introduced to ensure the accuracy of address details in GSTN records and streamline the …

GST Alert :- Geocoding Functionality Now Live for All States and Union Territories Read More »

https://tutorial.gst.gov.in/downloads/news/return_compliance_in_form_drc_01b.pdf

CBDT , vide Notification No. 43/2023 dt . Jun 21, 2023, introduces Rule 21AGA and Form 10-IEA (applicable AY 2024-25 onwards) to opt for or withdraw from the new tax regime for the persons having income from business or profession; The rule also provides that the persons not having income from business or profession can …

CBDT amends IT Rules for new tax regimes, introduces FORM 10-IEA Read More »

Background Section 246(5) of the Income-tax Act, 1961 (IT Act) grants power to Central Government to make a scheme so as to dispose of appeals expediently with transparency and accountability, by eliminating the interface between the Joint Commissioner of Income-tax (Appeals) (JCIT(A)) and taxpayer, in the course of appellate proceedings to the extent technologically feasible. …

Direct Tax Alert – CBDT specifies the cases not to be disposed under E-Appeals Scheme, 2023. Read More »