NEW CHANGE ON GST PORTAL I FROM JULY 2024 I GST LATEST UPDATE
NEW CHANGE ON GST PORTAL I FROM JULY 2024 I GST LATEST UPDATE
NEW CHANGE ON GST PORTAL I FROM JULY 2024 I GST LATEST UPDATE
Enhancements to Address-Related Fields in GST Registration Functionalities Jul 4th, 2024 Dear Taxpayers, The Following enhancements have been made to address-related fields in the registration functionalities: New Registration, Amendment Application (Core & Non-Core), and Geocoding Business Addresses. These enhancements are based on the analysis of tickets and user feedback. The details are as follows: 1. Update… Read More »
Clarification on time limit under Section 16(4) of CGST Act, 2017 in respect of RCM supplies received from unregistered persons. Circular No 211/05/2024-GST 26-Jun-2024 Download Click here
53 GST Council Meeting Decisions i KEY HIGHLIGHTS I CA Satbir Singh
Recommendations of 53rd GST Council Meeting GST Council recommends waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not involving fraud, suppression or wilful misstatement, etc.) for the fiscal years 2017-18, 2018-19 and 2019-20, if the full tax demanded is paid upto 31.03.2025. GST Council recommends… Read More »
Filing of information by manufacturers of Pan Masala and Tobacco taxpayers Jun 7th, 2024 Please refer to the notification Notification No. 04/2024 – Central Tax dated 05-01-2024 to seek information from taxpayers dealing in the goods mentioned therein. Two forms have been notified vide this notification namely GST SRM-I and GST SRM-II. The former… Read More »
ITC Can be claimed till 30th November in each financial year w.e.f 01.07.2017: Kerala HC HIGH COURT OF KERALA M. Trade Links v. Union of India DINESH KUMAR SINGH, J. WP(C) NOS. 31559 OF 2019 AND OTHS. JUNE 4, 2024
E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) (Dated:29.05.2024) E-Way Bill system (https://ewaybillgst.gov.in) has been implemented from April 2018 throughout the country and it is running successfully for last 6 years. More than 480 Crores are e-way bills have been generated. Subsequently, as per the request, E-Invoice1 system has been built and rolled out three and half years… Read More »
Ministry of Finance Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Records 10% y-o-y growth ₹3.83 lakh crore gross GST revenue collection in FY2024-25 (till May 2024) records 11.3% y-o-y growth Net Revenue (after refunds) grows 11.6% in FY 2024-25 (till May 2024) Domestic Gross GST Revenue grows 15.3% in May,… Read More »
BIG RELIEF FROM GST RECOVERY NOTICE I NEW INSTRUCTIONS