Ministry of Finance Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis) Yearly gross revenue ₹20.18 lakh crore; 11.7% growth (13.4% on net basis) Posted On: 01 APR 2024 3:41PM by PIB Delhi Gross Good and Services Tax (GST) revenue for March 2024… Read More »
Advisory: Self Enablement For e-Invoicing 03/04/2024 Dear Taxpayers, 1. If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards 2. For those who meet the notification criteria but have not yet been enabled on the… Read More »
GUIDELINES FOR CGST FIELD FORMATIONS IN MAINTAINING EASE OF DOING BUSINESS WHILE ENGAGING IN INVESTIGATION WITH REGULAR TAXPAYERS INSTRUCTION NO. 1/2023-24-GST (INV.) [F.NO. GST/INV/INSTRUCTIONS/2023-24], DATED 30-3-2024 The undersigned is directed to say that the matter of CGST field formations following a uniform procedure in undertaking enforcement activities, with or involving regular taxpayers, which incorporates aspects related… Read More »
NEW GST CHANGES FROM 1ST APRIL 2024 I FY 2024-25 I GST LATEST UPDATE I CA SATBIR SINGH
GST RETURN FILING CHANGED IN 2024- 25 I HOW TO FILE GST RETURNS ONLINE GSTR 1, GSTR 3B , GSTR 2B</h1
Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables 12/03/2024 It is informed to all taxpayers that as per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new Table 14A and Table 15A have been introduced in GSTR-1 to capture the amendment details of the supplies made through e-commerce operators (ECO)… Read More »
CREDIT CARD New Rules for Customers and INCOME TAX NOTICE I GST NOTICE I CA Satbir Singh RBI Changed the credit card rules for cusotmers, The card-issuers shall put in place an effective mechanism to monitor end use of funds. Card-issuers may issue business credit cards to business entities/individuals for business expenses. The business credit… Read More »
Advisory: Integration of E-Waybill system with New IRP Portals 08/03/2024 Dear Taxpayers, 1. GSTN is pleased to announce the successful integration of E-Waybill services with four new IRP portals via NIC, enabling taxpayers to generate E-Waybills alongside E-Invoicing on these four IRPs. 2. This new facility complements the existing services available on the NIC-IRP portal, making… Read More »
GST Registration Time limit new advisory on GST Portal Subject: Instances of Delay in registration reported by some Taxpayers despite successful Aadhar Authentication in accordance with Rule 8 and 9 CGST, Rules, 2017-reg 28/02/2024 Dear Taxpayers, In accordance with Rule 9 of the Central Goods and Services Tax (CGST) Rules, 2017, pertaining to the verification… Read More »
BIG CHANGE for GST TAXPAYER by FINANCE ACT 2024 I NEW GST REGISTRATION MANDATORY I CA Satbir Singh