Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register 18/09/2020 An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register. This tool will help the taxpayer to compare their ITC as per… Read More »
Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-1 or Form GSTR-6. The taxpayers have now been provided with a… Read More »
offline utilities, API testing etc. are available on e-invoice portal ( https://einvoice1.gst.gov.in > Help > Videos ). As clarified in the FAQs, on fulfilment of prescribed conditions, the obligation to issue e-invoice in terms of Rule 48(4) (i.e. reporting invoice details to IRP, obtaining IRN and issuing invoice with QR Code) lies with concerned taxpayer. Further, the term “aggregate turnover… Read More »
Section 34 of the Central Goods and Services Tax Act (‘CGST Act’) deals with the issuance and reporting requirement of debit/credit notes under the GST regime. The provisions originally introduced in the CGST Act provided that Supplier shall report the details of debit/credit notes in Form GSTR 1 along with the corresponding tax invoice number… Read More »
Matching Offline Tool v1.0 The Matching Offline Tool can be used to: View GSTR-2B (Auto-drafted Input tax credit (ITC) statement) Match GSTR-2B with Purchase register To install the tool, please download, extract the zip file and run the Download Your downloaded (Matching_Offline_Tool) zip file contains: GSTR2B_Matching_Tool_v1.0.exe (Application) Purchase Register Excel Template Readme User Manual Change… Read More »
Participate in GST-n-You Creative Contest 14/09/2020 GSTN invites creative entries in form of videos (animation, tutorials, short-films etc.) of 30-120 seconds or static graphics on the various recent initiatives and reforms on GST, like following ( list is only indicative ): GST – One nation, one tax, one market, GST and reduced taxes on MSMEs, GST and automated… Read More »
Advance Tax Calculations & Payment Dates in Income Tax I FY 2020-21 I AY 2021-22 I CA Satbir Singh
GSTR 2B Enabled for Aug 2020 to Check ITC I CA Satbir Singh
Update regarding enabling on e-invoice portal (https://einvoice1.gst.gov.in/) 12/09/2020 This is with reference to the requirement of certain taxpayers to prepare invoice in terms of Rule 48(4) of CGST Rules (e-invoicing). As a facilitation measure, all the taxpayers who were having aggregate turnover of Rs. 500 Cr. (from 2017-18 onwards) were enabled on e-invoice portal https://einvoice1.gst.gov.in/. The listing… Read More »
GST on GTA I Goods Transport Agency I CA Satbir Singh