BIG RELIEF introduced for taxpayers under vide Section 16(5) & 16(6), effective from September 27, 2024, vide Notification No. 17/2024 - CT dated September 27, 2024.

1. Section 39 (11) of the CGST Act, 2017 , implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, provides that the taxpayers shall not be allowed file their GST…

The government is considering amendments in the GST circular 210, which clarifies on valuation of supply of services import by a related party where recipient is eligible to full input tax credit, to make it…

GSTN issued frequently asked questions (FAQs) on IMS to get a better understanding of the new functionality. The GSTN on 22.09.2024, has issued frequently asked questions (FAQs) on IMS to get a better understanding of…

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab An advisory issued on GST Website on 06.09.2024 regarding Biometric Based Aadhar Authentication. Following is the complete…

Invoice Management System by GSTN To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal. This will…

Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5 Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details…

Introduction of RCM Liability/ITC Statement To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on the GST Portal. This statement will enhance accuracy and transparency…