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The GST Portal has undergone several changes as a result of the Goods and Services Tax Network (GSTN). Input Tax Credit (ITC) auto-population in Form GSTR-3B has been modified. The new modifications now auto-populate ITC as the net of credit notes in table 4 of the GSTR-3B form rather than treating them as reversals as […]
Any taxpayer could not be stopped by the taxing authorities from claiming his statutory right, as specified under this Act in the garb of technicality. A Single Bench of the Allahabad High Court, in a major exemption to the taxpayer, M/s Yash Kothari Public Charitable Trust, has ruled that offline filing of Goods and Services […]
The Goods and Services Tax Network (“GSTN”) has allowed the operation to file a Letter of Undertaking (“LUT”) for the FY 2023-2024 on the GST Portal. Under rule 96A, the letter of Undertaking or LUT would specify to be filed via form GST RFD 11 in which the exporter shows that he or she will […]
The Madras High Court ruled that the GST Department must acknowledge the answer to a show cause notice despite the same would be sent via taxpayer not through the portal but via the post. During refusing the objection of the council, the postal or physical answer to them would not be acknowledged, the single bench […]
Since the node given by the Supreme court to open the GST window towards furnishing the transitional credit post to 4 weeks the Goods and Services Tax Network (GSTN) told the assessee, that they will ease filing from 1st Oct 2022. “Hon’ble Supreme Court while hearing an application from GSTN, has allowed the extension of […]
In an exemption to various taxpayers who have missed the statutory last date, the Supreme Court has mandated the Goods and Services Tax Network (GSTN) to permit a 2-month additional window from September 1, 2022, to October 31, 2022, to claim the transitional credit. GST TRAN-1 form and TRAN forms were drawn to permit the […]
CBIC requests the businesses to furnish several GST return forms on time that is due in the subsequent days as a portion of an online campaign to promote compliance. CBIC wants the businesses to furnish the GSTR-1 form, concerning the sales made in April, which is left on Wednesday and is needed to be furnished […]
The Kerala High Court bench of Justice Bechu Kurian Thomas rendered that the GST department provides the amending of Form GST TRAN-1 and furnishing of Form GST TRAN-2 through making required arrangements on the web portal. Under the Kerala, Value Added Tax Act, 2003 as well as the Central Sales Tax Act, 1956, the applicant […]
Towards the assessee and for supporting the assessee as a service measure in executing the correct self-assessment an upgraded functionality of the interest calculator has been introduced inside GSTR-3B. The same functionality would come at the system calculated interest upon the grounds of the tax liability values as mentioned via assessee. The interest is subjected […]
