Reading Time: 2 minutesAadhaar Authentication on GST Portal, Functionality for Aadhaar Authentication and e-KYC where Aadhaar is not available, has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST
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Reading Time: 2 minutesInvoice Furnishing Facility (IFF), An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme can file their details of
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Reading Time: 2 minutesCommunication Between Taxpayers, Facility of ‘Communication Between Taxpayers’ has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regarding missing documents or any shortcomings in the documents or any other issue related to it. This facility is available to all registered persons, except those
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Reading Time: 2 minutesAuto populated Form GSTR-3B, GST Portal has started Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B, auto-population of system computed details in Form GSTR-3B, has been enabled for taxpayers (filing their Form GSTR-1 on monthly basis), from November 2020 Tax Period onwards. The same will be done based on
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Reading Time: 6 minutesAccounts and records in GST, Section 35 of the CGST Act,2017and Rules 56, 57 and 58 of CGST Rules, 2017 “Accounts and Records” provide that every registered person shall keep and maintain all records at his principal place of business. Further, irrespective of whether he is a registered person or not, the responsibility to maintain
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Reading Time: 4 minutesQRMP scheme, The Central Board of Indirect Taxes & Customs (CBIC) introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to help small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme allows the taxpayers to file GSTR-3B on a quarterly basis and pay tax
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Reading Time: 2 minutesAuto-population of e-invoice, Certain notified taxpayers have to prepare and issue their invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Upon successful generation of IRN, details of such e-invoices will be auto-populated in respective tables of GSTR-1. The details of e-invoices available for auto-population along with status
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Reading Time: < 1 minuteDue dates for GSTR-3B, Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from
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Reading Time: 2 minutesAuto-populated Form GSTR 3B, Now you can download Auto populated Form GSTR 3B in PDF format as GSTN has introduced Auto populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards GSTN has earlier introduced Form GSTR-2B, a static statement with details of ITC available for a tax period, for
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Reading Time: 2 minutesCMP-08 through SMS, A Composition taxpayer may now file NIL statement in Form GST CMP-08 for a quarter, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GST CMP-08 through SMS, the taxpayer must fulfil following conditions: Taxpayer must be registered as composition taxable person (by filing
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