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GSTN (Goods and Services Tax Network) has postponed by 3 months the implementation of the time limit for companies with revenue of over Rs. 100 crore to submit their old e-invoices. In the previous month, the GST Network introduced a timeline for businesses with a total turnover of Rs. 100 crore and above for uploading […]
SAC code is a nomenclature that is used in the GST system. The Central Board of Indirect Taxes and Customs created the SAC code under GST. Such codes help in recognizing services and their corresponding GST rates in order to compute the appropriate tax amount. What Do You Understand by SAC Code in GST? The […]
Two member-bench of the Telangana Authority for Advance Ruling (AAR), S.V. Kasi Visweswara Rao and Sahil Inamdar, unanimously ruled that using prefabricated technology for shed construction is not eligible for input tax credit (ITC) under the Goods and Services Tax (GST). According to the applicant, M/s. Sanghi Enterprises, they are building a shed on leased […]
A notification has been issued by the Finance Department of the Commissionerate of CT & GST, Odisha. The notice informs recipients about the option to generate Document Reference Numbers (RFNs) for use in communications with taxpayers and RFN verification through the Goods and Services Tax (GST) Portal. The Supreme Court ruled in the case of […]
According to the latest GST notification on GST registration revocation the High Court of Karnataka has permitted to file the cancellation of the application, an application would get filed outside the time limit can be applied again when the cancellation of the registration was incurred prior to the date 31.12.2022. Read Also: Rajasthan HC: Assessee […]
The department submitted the Form GST DRC-01 to the GST Portal but it was not noticed by the assessee. Therefore, the Calcutta High Court permitted the time-barred appeal. The assessee, SSB Petro Products & Ors questioned the instructions dated 16-01-2023 issued in WPA 29 of 2023. The applicant had questioned the directive cleared by the […]
A single bench of the Calcutta High Court ordered the respondent Goods and Services Tax Network (GSTN) authorities to submit an affidavit concerning the confusion of updating the Goods and Services Tax Identification Number (GSTIN) of the service applicant in the Goods and Services Tax Portal (GST Portal). The Justice Md. Nizamuddin panel noted that […]
A notification has been issued by the Goods and Services Tax Network (GSTN) concerning the new functionality to validate the document Reference Number (RFN) stated on offline communications issued by state GST authorities. Latest Update 04th May 2023 There are many kinds of documents generated through the GST portal, such as notices, orders, etc., that […]
Since the launch of the goods and services tax (GST) law, the GSTR-1 filing has to go through some significant changes. It started with just reporting sales data but has since expanded to involve several reconciliations prior to reporting. If we talk about a few of these GST reconciliations before GSTR 1 e-Filing, they may […]
