49th GST Council Meeting Recommendations I Press Release I Summary I Key Highlights 49th GST Council Meeting was held in New Delhi on 18th Feb 2022 . The GST Council has made several recommendations related to GST compensation, GST Appellate Tribunal, approval of the Report of Group of Ministers on Capacity Based Taxation and Special… Read More »
GSTR 3B Filing New change from January 2023 onwards I CA Satbir Singh Introduction of Negative Values in Table 4 of GSTR-3B 1.The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed,… Read More »
Introduction of Negative Values in Table 4 of GSTR-3B 17/02/2023 1.The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal and ineligible ITC in Table 4 of GSTR-3B. According to… Read More »
CHATGPT से आए खतरे में Income Tax & GST Accoutnants I Tax professionals I CA Satbir Singh
New GST CHANGES by Budget 2023 I थोड़ा फायदा , ज्यादा नुकसान i Budget Analysis I CA Satbir Singh
New validations incorporated for all B2B transactions, selection of PoS State Code as ‘96-Other Country’ is enabled for HSN related to Services by way of transportation of goods The Goods and Services Tax (“GST”) e – Invoice System has issued an Update dated January 30, 2023 on new validations incorporated for all B2B transactions, selection of PoS… Read More »
Demand Order in GST is invalid if not passed within 7 days : High Court Madras High Court Deepam Roadways Vs Deputy State Tax Officer W. P. Nos. 476 of 2023 23/01/2023 The issue that arises for consideration in these writ petition is whether section 129(3) of the Central Goods and Services Tax Act, 2017… Read More »
GST Portal will allow negative values in Table 4 of GSTR-3B The Goods and Services Tax Network (“GSTN”) will soon allow negative values in Table 4 of GSTR-3B, allowing users to show the net off credit notes values in Table 4A which will make Table 8 of the GSTR-9 comparison consistent as per the Release… Read More »
Cash not be Seized by GST Officer during Search : High Court Delhi High Court Arvind Goyal CA Vs Union of India & Ors. W.P.(C) 12499/2021 19/01/2023 The petitioners have filed the present petition, inter alia, praying as under: “(a) direct the Respondents to deposit balance sum of Rs.1,04,00,000/- taken away on 04.12.2020 during… Read More »
RELIEF FROM GST LATE FEES I NEW ORDER I CA SATBIR SINGH Download Order Click here No GST late fees if returns not filed due to cancellation of GST registration which was restored subsequently : High Court