Notificaiton No. 32/2023 – Central Tax GST Annual Return filing Exemption FY 2022-23 NOTIFICATION New Delhi, the 31st July, 2023 No. 32/2023 – Central Tax G.S.R. 575(E).—In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the… Read More »
Notificaiton No 31/2023- Central Tax GST Registration in Gujarat and Puducherry MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 31st July, 2023 No. 31/2023- Central Tax G.S.R. 574(E).—In pursuance of the powers conferred by sub-rule (4B) of rule 8 of the Central Goods and Services Tax… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi the 31st July, 2023 No. 35 /2023-Central Tax S.O. 3420(E).— In exercise of the powers conferred by section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section 3 of the Integrated Goods and… Read More »
advisory: e-Invoice Exemption Declaration Functionality Now Available 24/07/2023 Dear Taxpayers, 1.GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now live on the e-Invoice portal. This functionality is specifically designed for taxpayers who are by default enabled for e-invoicing but are exempted from implementing it under the CGST (Central Goods and… Read More »
CLARIFICATION ON CHARGING OF INTEREST UNDER SECTION 50(3) OF THE CGST ACT, 2017, IN CASES OF WRONG AVAILMENT OF IGST CREDIT AND REVERSAL THEREOF CIRCULAR NO. 192/04/2023-GST [F. NO. CBIC-20001/5/2023-GST], DATED 17-7-2023 References have been received from trade requesting for clarification regarding charging of interest under sub-section (3) of section 50 of the Central Goods and… Read More »
Recommendations of 50th meeting of GST Council GST Council recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value GST Council recommends notification of GST Appellate Tribunal by the Centre with effect from 01.08.2023 GST Council recommends exemption of cancer-related drugs, medicines for rare diseases… Read More »
Geocoding Functionality Now Live for All States and Union Territories 07/07/2023 Dear Taxpayers, GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of a location into geographic coordinates, has been introduced… Read More »
Govt Reduced Interest Payable on Late Payment of Tax and Wrongly Availed ITC On the occasion of 6 years of GST, the CBIC clarifies that taxpayers are liable to pay interest only if they utilized the wrongly availed Input Tax Credit (“ITC”) for the payment of GST liability. They announce a retrospective relief measure for… Read More »
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Delhi Govt waives late fee upto specified limit for filing Annual Returns of registered taxpayers The Delhi Government, based on the GST Council’s recommendations, has waived the late fee specified in section 47 of the Delhi Goods and Services Tax Act, 2017 (“the DGST Act”) vide Notification No. 07/2023-State Tax dated July 03, 2023 for the annual… Read More »