The Government vide notification No. 12/2024 – Central Tax dated 10.07.2024, has introduced FORM GSTR-1A which is an optional Form/ facility.
GSTN has developed an online functionality to enable CSDs to file an application for refund in FORM GST RFD-10A in GST common portal.
Among the 23,374 taxpayers who have consistently reported a turnover of less than Rs 20 lakh for over three years, 19,277 have failed to file their returns since registration
9 ports witnessed reduction in average release time with a significant 50 percent reduction in case of Integrated Check Posts (ICPs) and 6 percent reduction in case of Air Cargo Complex (ACCs) Y-o-Y
In a move to ease the compliance burden on small businesses, the Central Board of Indirect Taxes and Customs (CBIC) has exempted businesses with an annual turnover of up to Rs 2 crore from filing the GSTR-9 form for the financial year 2023-24.
The Central Board of Indirect Taxes and Customs (CBIC) has recently released Circular No. 228/22/2024-GST dated July 15, 2024, providing essential clarifications regarding the applicability of GST on specific services.
More than 90% of registered businesses in states like Gujarat, Rajasthan, Punjab, Uttar Pradesh, and Himachal Pradesh have consistently filed their monthly tax returns, according to official data.
GSTN wish to inform that NIC is releasing the integrated services from e-invoice-1 and e-invoice-2 portals on 18th July 2024 on sandbox portals
In a significant move, several app-based ride-hailing services, including Uber, have approached the Union Finance Ministry, the Goods and Services Tax (GST) Council, and the Authority for Advance Rulings (AAR) to clarify their tax liabilities.
In a strategic move to enhance the effectiveness of the GST regime, the GST Council has reconstituted a crucial ministerial group.
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