With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have an option to file B2B invoice details in Invoice Furnishing Facility (IFF) for months 1 and 2 (eg. Jan and Feb) of the quarter in order to pass on the credit, whereas the remaining invoices have to be declared in the Quarterly Form GSTR-1 of Month 3 (e.g. March). I. The salie..
1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. 2. Auto Generation of Form GSTR-2B, for the QRMP taxpayers a) Form GSTR-2B contains details of filed IFFs (for Month M1 & M2) & filed Form GSTR 1 (for Month M3). b) Form GSTR 2B has two sections of ITC i.e. ITC available and ITC not available (which flows from the supplier's filed IFF & For..
GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Way bill portals. Background: Notification No. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. 78/2020 – Central Tax, dated October 15, 2020, mandates taxpayers to declare specified digits, as follows, of Harmonised System of Nomenclature (HSN) / Service Accounting Code (SAC) Code on raising o..
A. Registration 1. For certain cases, assignment of new applications of registration with same PAN and in same State/ UT New registration applications of the applicants, whose previous application for registration were either rejected by Tax Officer or whose GSTIN was cancelled will now be assigned to the respective authority of the State or Centre (who have earlier rejected the same), whenever these applicants/ taxpayers apply for registration under the same PAN and within the same State/..
1. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with payment of tax on monthly basis. 2. Persons availing QRMP Scheme are required to pay tax due, in each of the three months of the quarter, by depositing the due amount as discussed below. 3. Payment of Tax for first two months of a quarter (M1 & M2 ie for January and February month for Jan-March Quarter): a. While g..
GSTN has recently implemented new functionalities on the GST Portal for the convenience of persons applying for registration and certain other functionalities for the existing taxpayers. These changes are mostly in areas of on Registration and Returns. For creating awareness amongst new applicants and the existing taxpayers, GSTN is holding a series of webinars, as per details given below: GSTN Webinars on New Taxpayer Functionalities related to Registration an..
1 - Registration S.No Form/ Functionality Functionality made available for Taxpayers 1 Assignment of new applications of registration, in certain cases, with same PAN and in same State/ UT New registration applications of the applicants, whose previous application for registration were either rejected by Tax Officer or whose GSTIN was cancelled (ei..
Manual > Track Refund Status > Post-Login How can I track the status of refund on the GST Portal, after logging into the GST Portal? Tracking Refund Application Updating Bank Account To view status of your refund application after logging to the GST Portal, perform following steps: 1. Access the https://www.gst.gov.in/ URL. The GST Home page is displayed. Login to the GST Portal. Click the Services > Track Application Status option. 2. Track Applicati..
FAQs > Track Refund Status Tracking Refund Status 1. How can I track my refund application without logging into the GST Portal? Navigate to Services > Track Application Status > Select the Refund option > Enter ARN > Click SEARCH to track your refund application without logging into the GST Portal. You can track your refund application without logging into the GST Portal only through ARN. 2. How can I track my refund application after logging into the GST Portal? Login..
Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for the benefit of the stakeholders. To view module wise functionalities deployed on the GST Portal an..
Recently GSTN has introduced a facility to identify core business activity from one of the below options – A. Manufacturer B. Trader Whole seller/Distributor Retailer C. Service Provider and Others One may choose any ONE of the aforesaid activity based on criterion given in the attached note Procedure to select Core Business Activity a. Login to the GSTN Portal. b. On prompting to select the activity, please carefully assess your business activity bas..
Selection of Core Business Selection on GSTN Portal for Registered Taxpayers Recently GSTN has introduced a facility to identify core business activity from one of the below options Manufacturer Trader Service Provider and Others One may choose any ONE of the aforesaid activity based on below criterion - S. No Category Explanation as per Portal 1 Manufacturer A manufact..