Section 34 of the Central Goods and Services Tax Act (‘CGST Act’) deals with the issuance and reporting requirement of debit/credit notes under the GST regime. The provisions originally introduced in the CGST Act provided that Supplier shall report the details of debit/credit notes in Form GSTR 1 along with the corresponding tax invoice number… Read More »
Matching Offline Tool v1.0 The Matching Offline Tool can be used to: View GSTR-2B (Auto-drafted Input tax credit (ITC) statement) Match GSTR-2B with Purchase register To install the tool, please download, extract the zip file and run the Download Your downloaded (Matching_Offline_Tool) zip file contains: GSTR2B_Matching_Tool_v1.0.exe (Application) Purchase Register Excel Template Readme User Manual Change… Read More »
Participate in GST-n-You Creative Contest 14/09/2020 GSTN 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 is only indicative ): GST – One nation, one tax, one market, GST and reduced taxes on MSMEs, GST and automated… Read More »
Advance Tax Calculations & Payment Dates in Income Tax I FY 2020-21 I AY 2021-22 I CA Satbir Singh
GSTR 2B Enabled for Aug 2020 to Check ITC I CA Satbir Singh
Update regarding enabling on e-invoice portal (https://einvoice1.gst.gov.in/) 12/09/2020 This is with reference to the requirement of certain taxpayers to prepare invoice in terms of Rule 48(4) of CGST Rules (e-invoicing). As a facilitation measure, all the taxpayers who were having aggregate turnover of Rs. 500 Cr. (from 2017-18 onwards) were enabled on e-invoice portal https://einvoice1.gst.gov.in/. The listing… Read More »
GST on GTA I Goods Transport Agency I CA Satbir Singh
GST Compliance Dates for September 2020 I CA Satbir singh
Why NO ITC to be Claimed based on GSTR 2B I CA Satbir Singh
System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal 05/09/2020 A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported… Read More »