Comparison Reports of ITC & Liability has been made more user-friendly under the GST Regime by adding various new features. The enhanced version of the same can now be found on the GST Portal. ..
I. Relief to Composition Taxpayers in late fees for delayed filing of Form GSTR-4 (Quarterly Return): Vide Notification No 67/2020 dated 21.09.2020, the taxpayers who were under Composition Scheme, during any period till 31st March, 2019, have been provided relaxation in payment of l..
The Bombay Chartered Accountants' Society has made a request to the Finance Minister with regard to the extension of dates for various provisions made under the GST Act. This has been done in lieu of the COVID-19 pandemic and the appeal has been made for the extension of time-limits that get exp..
As per provision in Sections 7, 8 & 10 of the GST (Compensation to States) Act, 2017, the issue of pending GST compensation and future course of action to meet the GST compensation shortfall has been discussed in 41st GST Council meeting on 27.08.2020 in the light of the opinion given by Ld..
Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register 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 co..
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. But the GST Portal has notified that the taxpayers now have the facility for the ease of compliance. Know the new facilities made avail..
Version 1.03: Date: 08/09/2020 Help section of e Invoice portal has been updated with new documents. The following Improvements have been done in Validations in IRN Generation API. In case of Credit Note and Debit Note, tax..
Update regarding enabling on e-invoice portal (https://einvoice1.gst.gov.in/) 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 turnov..
The GSTN has notified that filing of GSTR-3B has been made much easier now. System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers is now available on the GST portal for monthly GSTR-1 filers. The GSTN also notified on the following points: 1. The system ..
New functionalities made available for TCS and Composition taxpayers 1.Provision to make amendment, multiple times, in Table 4 of Form GSTR-8 Earlier, if no action was taken on TCS details, auto-populated in TDS/TCS credit form, by the supplier or if the same were rejected by them in the sa..