As per Notification No. 10/2023 – Central Tax dated 10th May 2023, the threshold for e-invoicing for B2B transaction has been lowered from 10 crores to 5 crores. This change will be applicable from 1st August 2023. 1.GSTN has enable all eligible taxpayers with an Aggregate Annual Turnover (AATO) 5 Crores and above as per …
Update on Enablement Status for Taxpayers for e-invoicing Read More »
The Central Board of Indirect Taxes & Customs, GST Policy Wing has issued guideline Instruction No. 03/2023- GST dated 14th June, 2023 for processing applications for registration under GST. It is issued for strengthening the process of verification of applications for registration by tax officers. The aim is to prevent fake or bogus registration . …
Guidelines for processing application for registration under GST Read More »
1.The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your convenience. 2. E-Invoice Verifier App – Key Features and Benefits: i. QR Code …
GSTIN Issue advisory on e-invoice verifier app dated June 8, 2023 Read More »
The Directorate General of Analytics and Risk Management ( DGARM ) will select GSTINs registered with the Central Tax authorities for scrutiny based on identified risk parameters. scrutiny of Returns: The CBIC ACES – GST application will contain an online workflow for scrutiny of returns. The proper officer will issue a notice to the registered …
SOP for the scrutiny of GST returns for the financial year 2019-2020 onwards Read More »
The Companies (Accounts) Second Amendment Rules, 2023 dated the 31st May,2023. For the financial year 2022-2023, Form CSR-2 shall be filed separately on or before 31st march, 2024 after filing Form No. AOC-4 or Form No. AOC-4-NBFC (Ind AS), as specified in these rules or Form No. AOC-4 XBRL as specified in the Companies (Filing …
Form CSR-2 shall be filed separately for financial year 2022-2023. Read More »
The GTAs, who commence business or cross registration threshold on or after 1st April,2023, and wish to opt for payment of tax under forward charge mechanism are required to file their declaration in Annexure V for the FY 2023-24 physically before the concerned jurisdictional authority. The declaration may be filed within the specified time limits, …
Advisory on Declaration In Annex V by GTA opting to pay tax under FCM Read More »
Generating e-Invoice for B2B Supply of goods or Services or both, or for Exports will be mandatory w.e.f 1st August,2023 *except certain specified categories of taxpayers For more details,please refer to Notification No. 10/2023-Central Tax dated 10.05.2023 read with Principal Notification No.13/2020-central Tax dated 21.03.2020 ”
CBDT revises monetary limits for condonation applications for claiming refund or carry forward of losses and set-off for an application filed on or after June 01, 2023
A registered person whose registration was canceled on or before 31.12.2022 on account of nonfiling of returns and who- (a)failed to apply for revocation within the specified time period; or(b)whose appeal against the order of cancellation of registration or the order rejecting the application for revocation of cancellation of registration has been rejected on the …
Amnesty Scheme for Revocation of Cancellation of Registration Read More »
