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A senior government official has revealed that pilot initiatives aimed at testing biometric and geotagging authentication for GST registration have been postponed due to disagreements concerning access to the Aadhaar identity database. Nevertheless, the finance ministry remains optimistic about implementing both biometric and geotagging authentication methods in Fiscal Year 2025. These measures are designed to […]
On September 14, 2023, the National Informatics Centre, operating under the Ministry of Electronics and Information Technology (MeiTY), issued a clarification concerning Goods and Services Tax (GST) e-invoicing for Government Supplies. The GST Policy Wing has issued this clarification in reference to the implementation of e-invoicing for transactions involving Government departments or agencies, as detailed […]
The GST e-invoice system has been updated, mandating two-factor authentication for all taxpayers with an Annual Aggregate Turnover (AATO) above Rs. 20 crores. It will be effective from November 20th, 2023. The National Informatics Centre (NIC) has released a similar updation of the requirement for two-factor authentication, applying to taxpayers with an AATO above 100 […]
From November 1st, 2023 an essential advisory on the new 30 days time limit for the reporting of invoices on the Invoice Registration Portal (IRP) is been issued by the GST e-invoice system that is applied to Annual Aggregate Turnovers (AATO) greater than or equal to 100 crores. As per the advisory, it mentions that […]
As per the Central Board of Indirect Taxes and Customs (CBIC), the enrolled businessmen on the GST network portal in Punjab’s Bathinda should show their GST number on their premises and if they do not follow then they need to pay a fine of Rs 50,000. For the GST verification, the CBIC is running the […]
Approximately 200 companies, including McDonald’s India, L’Oreal, Colgate Palmolive, Castrol, Saint-Gobain, Whirlpool, Mastek, and Domino’s Pizza, have obtained notifications from state authorities requesting taxes for the period before the Goods and Services Tax (GST) was implemented. These companies are contesting the taxation of the same item as both “goods” and “services” and have taken their […]
The Supreme Court, after hearing the case of M/s. Safari Retreats Pvt. Ltd. & Ors. on 23rd August 2023 at 2:00 PM decided the next hearing before the bench of two members, Justice Abhay S. Oka and Justice Sanjay Karol. In the next hearing, the Supreme Court will regulate the Goods and Services Tax (GST) […]
Regarding the issues of the portal, the assessees always have a concern, particularly when the last date is arriving. State Finance Minister Pankaj Chaudhary responded to questions posed by Lok Sabha MPs by emphasizing that the Goods and Services Tax (GST) system is a reliable IT infrastructure that has successfully implemented the GST legislation, regulations, […]
One time amnesty scheme has been expected by the exporters in order to deal with the problems caused by a provision in the Goods and Services Tax (GST) rules that expects to safeguard government revenue from traders who demanded credit under Integrated GST (IGST) through what authorities have termed ‘irrelevant’ products. Sanjay Kumar Aggarwal, Chairman […]
