Reading Time: 2 minutesGST-n-You Creative Contest,  Goods and Services Tax Network invites creative entries in form of videos (animation, tutorials, short-films etc.) of 30-120 seconds or static graphics on the various recent initiatives and reforms on GST, like following List:- GST – One nation, one tax, one market, GST and reduced taxes on MSMEs, GST and automated compliance,
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Reading Time: 4 minutesGST e-invoice system, As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN). After following above ‘e-invoicing’ process, the invoice copy containing inter alia, the IRN (with
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Reading Time: 2 minutesRecent Changes in GSTR3B, GSTN has informed that Recent Changes in GSTR3B filing has been made for easier filling, System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values
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Reading Time: 2 minutesGSTR4 Annual Return, The GSTR- 4 form is the annual return form for the taxpayers who have opted for GST Composition scheme in the new indirect tax system, The taxpayers will also have to file CMP-08 for the payment in every quarter of the year. The due date for each CMP-08 filing is 18th of
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Reading Time: 2 minutesGST Portal Update ,  The Goods and Service Tax Network has provided the new functionalities made available for TCS and Composition taxpayers under GST Regime, Below are the new functionalities :- 1.Provision to make amendment, multiple times, in Table 4 of Form GSTR-8 Earlier, if no action was taken on TCS details, auto-populated in TDS/TCS
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Reading Time: 2 minutesForm GSTR2B is an auto-generated Input Tax Credit statement, which will be generated for every recipient as per the data filled by the suppliers in their respective Forms GSTR-1, GSTR-5 and GSTR-6., It will clear that the input tax credit is available or not for every document filed by the supplier. Taxpayers can now reconcile data generated
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Reading Time: 2 minutesInterest under section 50, The grievance of the petitioner in this Writ Petition is that he is registered under Central Goods and Service Tax having GSTIN No.21AJIPB2****1ZO. He has filed the returns for the financial year 2017-18, 20018-19 and 2019-20 at a belated stage and availed Input Tax Credit at the time of filing GSTR-3B
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Reading Time: 2 minutesThe Central Board of Indirect Tax and Customs (CBIC) had issued a notification on 23rd March 2020, about Aadhar authentication for GST registration from 1st April 2020, amended vide notification 62/2020 dated 20th August 2020 to be made optional. The aadhar authentication for GST registration is not required for non-residents, persons other than citizens of
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Reading Time: 2 minutesGSTR-1 through SMS, The CBIC has issued new guidelines to fill the NIL GSTR–1 form through SMS, to initiate the SMS facility, the taxpayers need to send SMS to 14409 as NIL<space>R1<space>GSTIN number<space>Tax period (in MMYYYY) A taxpayer may now file NIL Form GSTR-1, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-1 through SMS, the taxpayer must
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Reading Time: 2 minutesLate Fee Relief, providing relief  to the taxpayers in view of spread of Novel Corona Virus, Government has extended dates for GST filings as notified vide Not. No. 52 & 54/2020 dt 24.06.2020 and Not. No 57/2020-CT dated 30.06.2020.   Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
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