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The Ministry of Finance, in a bid to ease the process of tax compliance, has launched distinct initiatives that have the motive to facilitate both the income tax and Goods and Services Tax (GST) procedures, for targeting small taxpayers. Such measures simplify the tax filing, lessen operational complexities, and promote compliance among small businesses and […]
For Table 12 of the GSTR-1 form, specifically the HSN summary of outward supplies, it is mentioned that the taxpayers who are only dealing in B2C supplies must have reported problems with Table 12A when left blank. Table 12B (related to B2C transactions) is not obligatory and could be left blank or filled with any […]
Under the Quarterly Return Monthly Payment (QRMP) scheme, the registered taxpayers can now file refund applications for the invoices for which GSTR 3B has been filed earlier on the GST portal without encountering earlier technical problems, the Goods and Services Tax Network (GSTN) declared. On the GST Portal, a system-level validation was introduced in May […]
Many businesses and individuals are having trouble with the GST registration process. For some, the steps to register or cancel their registration can be confusing, and they may encounter various issues related to GST. To help with these concerns, taxpayers can contact the CGST Delhi Zone for assistance with any questions they may have. The […]
In a recent advisory, GSTN notified that Table 3.2 of Form GSTR-3B will remain editable for now, contrary to its before communication dated April 11, 2025, which suggested locking the table for the April 2025 return period. The decision is in response to numerous complaints from taxpayers concerning the auto-populated, non-editable data fields. Consequently, GSTN […]
For Indian taxpayers looking to utilise the GST Amnesty Scheme before the June 30, 2025, deadline, the GSTN has clarified the conditions. According to Section 128A, a full waiver of pending interest and penalty is applicable only if the eligible taxpayer has already paid the disputed tax amount on or before March 31, 2025. On […]
In the fast-paced environment of GST compliance businesses are mandated a streamlined system for handling their outward supplies efficiently. An effective Inventory Management System (IMS) has been proposed by Gen GST software developed by SAG Infotech which eases the tracking of outward supplies, managing invoices, and ensuring seamless GST compliance. What is an Outward Supply […]
Goods and Service Tax (GST) registered taxpayers who desire to apply for the GST Amnesty Scheme 2024 u/s 128A announced in Budget 2024, must learn that a procedural change in application filing is there. The taxpayer without submitting a withdrawal request of plea could not apply for the GST Amnesty Scheme u/s 128A. Towards the […]
The Ministry of Finance (Department of Revenue), via the Central Board of Indirect Taxes and Customs (CBIC), has given Notification No. 29/2024 – Central Tax dated November 27, 2024. The last date is extended from this notification for filing the GSTR-3B return for October 2024 for specific registered assessees in the State of Manipur. Notification […]
