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GST CMP-08 is the statement that dealers registered under the Composition Scheme use to report their self-assessed tax liability. It provides information on taxes owed for sales and purchases (subject to the Reverse Charge Mechanism) and has replaced Form GSTR-4. Composite Dealers are required to file CMP-08 Return every quarter through the GST Portal. They […]
The total income from GST, comprising CGST, SGST, IGST, and cess, was Rs 1,55,922 crore as of 5:00 p.m. on January 31, 2023. Of this amount, CGST was Rs 28,963 crore, SGST was Rs 36,730 crore, IGST was Rs 79,599 crore, and cess was Rs 10,630 crore (including Rs 768 crore collected on import of […]
SAG Infotech, India’s popular tax solution provider, finally created the Gen GST e-return filing and billing mobile app as a comprehensive GST solution. The app also offers an easy-to-browse design that helps users simply navigate through the program’s functionality and features relevant to GST return filing and billing. SAG Infotech’s Gen GST software, in addition […]
The Andhra Pradesh High Court held that the term ‘any proceedings directed to in the proviso to Section 98(2) of the CGST Act/ Andhra Pradesh GST act (APGST Act) that consists within its boundary the analysis executed against the petitioner beneath the mentioned act. The bench consists of Justices U. Durga Prasad Rao and T. […]
It is essential for the registered individual to issue the tax invoice before or during the removal of goods for the supply of the recipient. To supply the services, the GST invoices could be provided prior to or post to the time of supply. Moreover, the e-invoicing system would have been executed within the phased […]
For making the business advantageous every industry would be seen to take upon the upgraded technology in the current rising technological world. Via analyzing the businesses providing effective quality goods and services to the market would be possible which is a tough competition. These technologies consist of Artificial intelligence(AI), Robotic process automation (RPA), and Machine […]
Drop Proceedings for Taxpayers Stopped After SCN Issuance in GST REG-17 Form If a taxpayer does not submit six or more consecutive monthly returns/quarterly returns (QRMP) for two tax periods in Form GSTR 3B, they are suspended from the portal and receive a system-generated notice of cancellation in Form GST REG-17 for the returns that […]
If you don’t have access to the necessary technology or tools, invoicing may be quite difficult, whether you run a little business or a large corporation. E-invoicing will be the best option if invoicing has always been a problem for you. B2B invoices for interchange between buyers and suppliers can be created electronically via e-invoicing […]
Input Tax Credit (ITC) cannot be claimed GST paid for goods, services, or operation and maintenance services of cross-country pipelines outside manufacturing premises, according to a recent decision by the Chhattisgarh Authority of Advance Ruling. M/s National Mineral Development Corporation (NMDC) Ltd. requested an advance ruling on the admissibility of input tax credits of GST […]
