Category Archives: GST

Ministry of Finance Recommendations during 54th meeting of the GST Council GST Council recommends Group of Ministers (GoM) on life and health insurance related GST with existing GoM on Rate Rationalisation; to submit report by end of October 2024 GST Council also recommends formation of a GoM to study the future of compensation cess GST… Read More »

New GST change will not Apply on GST Portal I GSTR 1 Filing new update

Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5 Sep 3rd, 2024 Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be… Read More »

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Dadra and Nagar Haveli and Daman and Diu AND Chandigarh Aug 24th, 2024 Dear Taxpayers, This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during… Read More »

Advisory for furnishing bank account details before filing GSTR-1/IFF Notification No. 38/2023 – Central Tax New Delhi, the 4th August, 2023 Aug 23rd, 2024 1.  As per Rule 10A of Central Goods and Services Tax Rules, 2017 notified vide notification no. 31/2019 dated 28.06.2019, a taxpayer is required to furnish details of a valid Bank Account… Read More »