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For all the taxpayers Multi-Factor Authentication (MFA) for using the updated versions of the E-Way Bill and E-Invoice Systems will be obligatory from April 1 next year, as per the GST portal advisory. There will be an updated provision for limiting the e-way bill generation. MFA starting January 1, 2025, will become obligatory for the […]
It was carried by the Madhya Pradesh High Court that the GST department may not unfairly prejudice the taxpayer via disallowing the Input tax credit (ITC) quoting the late returns post already imposing late fees for the belated Goods and Services Tax (GST) Returns filing. The Madhya Pradesh High Court recently made a ruling on […]
An advisory on the difference in the value of Table 8A & 8C of the GST Annual Returns FY 2023-24 has been issued by the Goods and Services Tax ( GSTN ). According to the Notification No. 12/2024-Central Tax dated July 10, 2024, and Notification No. 20/2024-Central Tax dated October 8, 2024, the process to […]
For the case of a challenge against the refusal of the Input tax credit (ITC) u/s 16 (2)(c) of the Central Goods and Service Tax (CGST) Act, 2017, the High Court of Kerala permitted the benefit of circular and set aside the order to the extent it refuses ITC based on the provisions. The applicant […]
The High Court of Jharkhand in a ruling carried that the stagnant approach of filing plea u/s 107 of Central Goods and Service Tax (CGST), Act 2017 to the appellate forum post 1 year and 20 days delay shall not be considered and kept the GST registration cancellation. The applicant, M/s. Marang Buru Trust asked […]
The Allahabad High Court While deciding a case relating to Input Tax Credit carried that a quasi-judicial body should furnish a chance of hearing to a person before charging obligation on them. The Division Bench comprising Justice Shekhar B. Saraf and Justice Vipin Chandra Dixit carried that as per the doctrine of audi alteram partem […]
The time extension notification on 24.04.2023 extending the time duration to pass the order u/s 73(9) and 73(10) of the Uttar Pradesh Goods and Service Tax Act, 2017 will apply solely from 31.03.2023 and not before that, the Allahabad High Court carried. Section 73 provides the authority to the proper officer to pass the order […]
All taxpayers registered under GST are required to file their annual return for the financial year 2023-24 by December 31, 2024, except for certain exempted categories. Before completing the annual return filing, taxpayers must first submit all monthly returns or quarterly returns, depending on whether they are part of the QRMP scheme. This is because […]
The Invoice Management System (IMS), effective from October 1, 2024, has been introduced to simplify and standardize the process of claiming Input Tax Credit (ITC) in GSTR-3B returns. Previously, taxpayers would often claim ITC based solely on GSTR-2B without thorough reconciliation, which they used to file for the ITC in their 3B filings. With the […]
