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The GST e-invoice system has been updated, mandating two-factor authentication for all taxpayers with an Annual Aggregate Turnover (AATO) above Rs. 20 crores. It will be effective from November 20th, 2023. The National Informatics Centre (NIC) has released a similar updation of the requirement for two-factor authentication, applying to taxpayers with an AATO above 100 […]
The Supreme Court heard a Public Interest Litigation (PIL) to take action to execute a system for electronic (digital) generation of a Document Identification Number for all communications sent by state tax officers to taxpayers. The applicant, CA Pradeep Goyal through Adv Charu Mathur approached the Supreme Court seeks precise directions towards the generation of […]
According to a top official, so far nearly 20 lakh businesses have paid returns online and it is expected that about 30 lakh businesses will pay first month returns before the deadline of 25th August.
The same is pertinent to the ability of specific assesses to resubmit their GSTR-3B forms. At the time of process filing same was noticed that certain assessees’ returns comprised of the differences between the data that was furnished actually in the ITC claim and tax liabilities payment along with the data that was preserved in […]
An advisory on getting late GST registration reported by some taxpayers even after successful Aadhar Authentication as per Rules 8 and 9 of the CGST, Rules, 2017, has been issued by the Goods and Service Tax Network (GSTN). Taxpayers complained that even after successful Aadhar Authentication their GST Number is not furnished to them. Now […]
The GSTN issued Advisory No. 620 on January 01, 2024, on the functionalities available on the portal for the GTA assessees. The Functionalities Below are Made Available on the Portal for the GTA Taxpayers To Follow the Notification Above the Online Filing in Annexure V Form and Annexure VI Form are available on the portal […]
In the hope of bringing user-friendly changes to taxpayers and reducing litigation related to indirect taxes, the Center is considering allowing taxpayers to file revised Goods and Services Tax (GST) returns. For income tax filers this provision is already available. Right now, you can’t submit revised returns under GST, only small changes in invoice details […]
In the case of Shree Avani Pharma [Advance Ruling No. GUJ/GAAR/R/2023/32 dated November 03, 2023], the AAR, Gujarat, ruled that the job work services offered by the applicant fall under Sr. No. 26(id) of Notification No. 11/2017-Center Tax (Rate) dated June 28, 2017. The services are classified under Heading SAC 9988, making the applicant liable […]
The officers are only permitted to force the assessee to pay the tax if they do not comply with the requisite process, notwithstanding that the same might be apparent that these taxes are left and liable to get paid, Delhi High Court ruled. Justice Vibhu Bakhru and Justice Amit Mahajan highlighted that the statement of […]
