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Advisory: Barring of GST Return on expiry of three years
As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years from the due date of furnishing the said return under Section 37 …
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Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables
It is informed to all taxpayers that as per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new Table 14A and Table 15A have been introduced in GSTR-1 to capture the amendment details of the supplies made through e-commerce operators (ECO) on which e-commerce operators are liable to collect tax under section …
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Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal
21/02/2024 1. GSTN on occasion of one year of the successful going live with the additional five new IRP portals, the e-invoice master information portal, and the e-invoice QR Code Verifier app, announces the launch of the revamped e-invoice master information portal https://einvoice.gst.gov.in . This enhancement is part of ongoing effort to further improve taxpayer services. New Features …
Advisory for furnishing bank account details by registered taxpayers under Rule 10A of the Central Goods and Services Tax Rules, 2017.
Mandatory Bank Account Details Submission as per law: All Registered Taxpayers are required under the provisions of CGST Act, 2017 and the corresponding Rules framed thereunder to furnish details of their bank account/s within 30 days of the grant of registration or before the due date of filing GSTR-1/IFF, whichever is earlier. Taxpayers are therefore …
Relaxation in paying additional fees in case of delay in filing DPT-3
Due date of filing form DPT-3 (Return of deposits) is 30th of June 2023 for the financial yea ended on 31st march 2023. Keeping in view the transition of MCA-21 Portal from version-2 to version-3, it has been decided to allow companies to file Form DPT-3 For the financial year ended on 31st march 2023 …
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CBDT Notifies Final Cost Inflation Index for FY 23-24
CBDT in the exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income tax Act, 1961 (43 of 1961) has notified the Cost Inflation Index (CII) of FY 2023-24.In the last notification, the board notified the provisional Cost Inflation Index. This time Final CII has been notified. The …
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GST TAXPAYERS Whose aggregate Turnover exceeds Rs. 5 Crore in any Financial Year
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 ”
