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A systemic issue has been seen in the GST portal’s auto-populated data for Table B2C of GSTR-9, affecting cases where modifications related to the previous fiscal year are made in the current fiscal year. Tax professionals and businesses are notified that during a revision pertinent to the B2C invoices for FY2023-24, made in FY 2024-25, […]
The draft of the Maharashtra Goods and Services Tax (Amendment) Bill, 2025, has been approved by the Maharashtra Cabinet and will be tabled in the upcoming session of the state legislature. To draw the GST of the state in line with recent changes made by the Central Government to the Central Goods and Services Tax […]
The Ministry of Finance, through Notification No. 5063(E), has presented significant amendments to the jurisdiction of State Benches of the Goods and Services Tax Appellate Tribunal (GSTAT) under Section 109 of the CGST Act, 2017. A reorganization of district jurisdictions for efficiency in GST dispute resolution is been ensured from this update posted in the […]
On the 23rd of January 2024, the Central Board of Direct Taxes issued Circular No. 01/2024, elucidating the modifications to the Income Tax Act, 1961, introduced by the Finance Act of 2023. The Finance Act, 2023, approved by Parliament, obtained the President’s assent on March 31, 2023, and is now enacted as Act No. 8 […]
The Odisha Goods and Services Tax (Amendment) Bill, 2023 has been approved by the State Cabinet, chaired by the Chief Minister of Odisha, Naveen Patnaik. This Bill proposes to provide certain facilities and tax authorities in the state, while also simplifying the existing provision. According to the amended Bill, appeals against decisions made by the […]
For enabling the setting of the appellate tribunal with its principal bench in Delhi, the state government has been questioned by the centre to approve the revisions of their respective GST laws. By December, the tribunal shall secure the benches within the states. In March the Parliament would provide its nod to revise the GST […]
Finance Minister Nirmala Sitharaman proposed nine legislative revisions to the GST law in the Union Budget 2023. Decriminalization GST Offences Facilitate Microbusiness E-commerce Operators Unregistered suppliers and composition taxpayers will now be able to provide goods within a state via E-commerce operators (ECOs), subject to a few restrictions. Changes to Schedule III of the 2017 […]
Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
The Rajasthan Assembly on Thursday issued the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, that asks for the registration of the companies shall not get cancelled despite the same losses to furnish the return for 6 months. Indeed the system to provide the credit notes would get started. Education minister BD Kalla has launched […]
