The Goods and Services Tax Network (GSTN) on June 29, 2023, issued an advisory regarding the Online functionality developed by GSTN to enable the taxpayer to explain the difference in GSTR-1… Read More
GSTN Important Update - Geocoding Functionality Now Live for All State: GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for… Read More
Ministry of Finance has included the Goods and Services Tax Network (GSTN) under the Prevention of Money-laundering Act, 2002 (PMLA, 2002). Learn how this inclusion enables the sharing of in… Read More
Context: Recently, the Goods and Services Tax Network (GSTN) made the geocoding functionality live for all states and union territories. Relevance: GS III: Indian Economy Dimensions of the A… Read More
Understanding the financial landscape, particularly taxation, is vital to the success of any startup in the business world. One tax that demands a comprehensive understanding is the Goods an… Read More
Goods and Services Tax (GST) is a considerable tax reform in India’s indirect tax structure. The indirect tax system in the past comprised separate laws at the Centre and State levels… Read More
The government has convened an all-party meeting on Wednesday afternoon for the smooth functioning of the monsoon session of Parliament which begins on Thursday.
While the opposition parties… Read More
How to Calculate GST Online?
Goods and Services Tax (GST) is an indirect tax system implemented in India on July 1, 2017. It is a comprehensive tax levied on the supply of goods and serv… Read More
GSTN announces the launch of the e-Invoice Exemption Declaration functionality for taxpayers exempted from e-Invoicing under CGST Rules.
The post New Functionality for e-Invoice Exemption De… Read More
e-Invoice Exemption Declaration Functionality Now Available - GSTN:
Dear Taxpayers,
1.GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now liv… Read More
GSTN launched e-Invoice Exemption Declaration Functionality for taxpayers who are exempted from implementing e-invoicing under the CGST Rules, but are by default enabled for it.
The post Dec… Read More
GST Return Amendments: Correcting Error & Updating Information
The filing of Goods and Services Tax (GST) returns is an essential component of the tax system in several countries. It… Read More
Dear readers, here we are offering E Invoice Limit 5 Crore Notification PDF to all of you. Companies with a turnover of more than five crore rupees will have to issue e-invoices from August… Read More
GST Return Filing for E-commerce Sellers
Numerous countries impose the products and Services Tax (GST), a consumption-based tax, on provision of products and services. By replacing diffe… Read More
Firms registered under the Goods and Services Tax (GST) system must file a GST return to report their sales, purchases, and tax liabilities to tax authorities. Depending on their turnove… Read More
Top 10 Common Mistakes to Avoid in GST Return Filing
Neglecting to Report All Sales Transactions
Failure to report all sales transactions in GST returns is a significant filing error. Th… Read More
Goods and Services Tax Network (GSTN) and its relationship with the Prevention of Money Laundering Act (PMLA). Explore the discussions around bringing GSTN under PMLA, its potential impact o… Read More
The Gujarat High Court rules on appeal timing related to GSTN, stating that failure to upload the order copy cannot prevent a time-barred appeal.
The post Mere Failure to upload order copy o… Read More
DRC-01C- Manner of dealing with mismatch of ITC in GSTR-2B/3B and Introduction of DRC-01C (Rule-88D)
In recent months, numerous discrepancies have arisen where more credit has been claimed i… Read More
Today, we're diving deep into the intricacies of Rule 88D from the CGST Rules, 2017. So, what's the fuss all about? Rule 88D has ushered in a new era on the GSTN Portal, focusing on the… Read More
The details of GSTR-2A, GSTR-2B, and GSTR-8A, and how the discrepancies between these forms can lead to issues for taxpayers.
1. GSTR-2A
GSTR-2A is an auto-generated statement of inward sup… Read More
Invoice matching under the Goods and Services Tax (GST) system is a crucial process that ensures accurate tax reporting and compliance. In this process, businesses are required to match the… Read More
Learn essential steps for seamless e-Invoicing under GST as per GSTN's advisory. Understand eligibility, exemptions, process, reporting, and verification to ensure compliance.
The post GSTN… Read More
File GSTR-1 Return Online
A goods and services tax (GST) return is a written record that includes the following details:
Total purchase details
Total sales made
Total tax collected on sa… Read More
GSTN has developed and launched a mobile application (available on iOS and Android platforms) and also a web portal for Mera Bill Mera Adhikaar scheme.
The post GSTN Issued Advisory for… Read More
IntroductionIn recent years, the Indian taxation system has undergone significant digital transformation, aiming to streamline processes and enhance transparency. The introduction of the Goo… Read More
Introduction: The Goods and Services Tax Network (GSTN) has issued a significant advisory to GST (Goods and Services Tax) applicants regarding the Aadhaar authentication process for registra… Read More
Article explains how to effectively comply with GSTN Advisory to reclaim your Input Tax Credit (ITC) by November 30, 2023 with step-by-step guidance and key action points.
The post Take Acti… Read More
This article provides step-by-step guidance and key action points on how to effectively comply with the GSTN Advisory to reclaim your Input Tax Credit (ITC) by November 30, 2023 Read More
Context: Underlining the important role of the fintech industry in building a responsible financial ecosystem, the Finance Minister has said that fintechs in India are driving more inclusion… Read More
PFMS Payment Status: The financial condition of common man in India is still quite poor. In spite of various steps being taken by the government, there is still much work to be done in this… Read More
The national capital has started welcoming foreign delegates and leaders from all across the world for the G20 Summit. As a host nation, the Centre has taken special care of the arrange… Read More
The national capital has started welcoming foreign delegates and leaders from all across the world for the G20 Summit. As a host nation, the Centre has taken special care of the arrangemen… Read More
Learn about Goods and Services Tax Network's (GSTN) recent advisory warning GST Suvidha Providers (GSPs) against scraping GST Common Portal.
The post GSTN warns against unauthorized scraping… Read More
Delve into newly introduced Electronic Credit and Re-claimed Statement on GSTN. Learn its importance and role in simplifying tax compliance for Indian businesses.
The post Electronic Credit… Read More
Another new feature in GST Common Portal has been introduced by GSTN in the form of Credit Reversal and ITC Reclaimed Statement. This is a powerful tool designed to streamline your ITC repor… Read More
Tally Prime 3.0 is the latest evolution of our renowned business management software, designed to cater to the diverse needs of small and medium-sized enterprises. This comprehensive solutio… Read More
Tally Solutions, a renowned provider of business management software, has recently launched TallyPrime 3.0 – the latest version of its flagship software. Features of TallyPrime 3.0 inc… Read More
GSTN is excited to announce that the geocoding feature for “Additional Place of Business” addresses is now fully operational in all States and Union Territories. This enhancement… Read More
Impact of GST Registration on SMEs
The Goods and Services Tax (GST) stands as a watershed moment in the annals of India’s taxation system. A comprehensive reform that replaced the… Read More
GST Return Filing
Goods and Services Tax, commonly known as GST, is a transformative taxation system in India. Launched on July 1, 2017, it aimed to streamline the country’s comple… Read More
GST E waybill is brief for an electronic way to submit bills, GST E Way Bill Registration Step-by-step
process & documentation Complete Guide.The e-Way Bill enrolment or
registrati… Read More
GST Registration 2023
Goods and Services Tax (GST) has revolutionised the taxation landscape in India since its implementation. One crucial aspect of this tax regime is GST registration… Read More
GSTN launched e-Invoice JSON download feature on GST Portal. Learn how to access, download, and manage e-Invoices effortlessly.
The post Advisory: e-Invoice JSON download functionality Live… Read More
Learn about introduction of Electronic Credit Reversal & Reclaimed Statement on GSTN, its purpose, reporting guidelines & amendment opportunities.
The post Introduction of Electronic… Read More
Explore latest GSTN advisory on DRC-01C compliance for managing input tax credit discrepancies in GSTR-2B and GSTR-3B. Learn the rules, process, and implications.
The post GSTN Advisory on D… Read More
Cases Covered:
SRM Engineering Construction Corporation Limited vs. the Assistant Commissioner
Citations:
1. Assistant Commissioner (CT) LTU, Kakinada and others Vs. Glaxo Smith Kline Consu… Read More
Amnesty Scheme for filing of appeals against demand orders where appeal could not be filed within the allowable time period
a. To permit the filing of an appeal against a demand order issued… Read More
A new advisory on the implementation of the GST DRC-01C for Differences in ITC claimed in the R3B and accessible in GSTR-2B compliance is released by GSTN Read More
Facility for the e- commerce operators through whom unregistered suppl:
GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GS… Read More
Facility of enrolment for supply of goods through e-commerce operators:
1.In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023… Read More
The author can be reached at [email protected]
Cases Covered:
M/S Baghel Trading Co VS State Of U.P. And 2 Others
Facts of the cases:
The petitioner submits that the impugned order was… Read More
Explore how GSTN has streamlined the process for e-commerce operators to integrate with unregistered suppliers through APIs, facilitating seamless validation and reporting.
The post GSTN Sim… Read More
Learn how unregistered suppliers can now enroll for e-commerce goods supply via GSTN following recent amendments to CGST Act.
The post GSTN Enables Unregistered Suppliers to Enroll for E-com… Read More
Learn about new Electronic Credit Reversal and Reclaimed Statement introduced by GSTN. Understand its purpose, operation, and time limits for updates.
The post Understanding GSTN’s Ele… Read More
Download ePAN Card
The ePAN card, or electronic Permanent Account Number card, is a digitally signed version of the PAN card issued by the Indian Income Tax Department. It serves as a va… Read More
Explore GSTN's latest advisories on geocoding, ITC mismatches, e-invoice, e-commerce, and online money gaming. Stay updated for maximum benefits!
The post New Advisories From GSTN on Various… Read More