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The GST Portal secures a pre-filled GSTR-3B form, which automatically populates the tax obligation from the declared supplies in GSTR-1/GSTR-1A/IFF and the Input Tax Credit (ITC) from GSTR-2B. GSTN is improving the GST return filing process to assist taxpayers in filing their returns precisely and diminish manual errors. Also, the system generates a detailed PDF […]
The measure to improve the Input tax credit ecosystem via an Invoice management system (IMS) may add another layer of compliance to the GST taxpayers, tax experts mentioned. As per the GST portal, the updated system has the objective of easing the assessees in matching their records/invoices vis-a-vis issued via their suppliers for claiming the […]
A pre-filled GSTR-3B form has been introduced due to simplified GST filing, which simplifies the process and assists assessees in filing their GST returns precisely. GST Portal Pre-filled GSTR-3B The GST Portal auto-fills the GSTR-3B form: Main Objective to Pre-filled GSTR-3B Form The objective is to facilitate the return filing process for the assessees via […]
It was mentioned by the Gujarat High Court that no blocking of the credit in the electronic credit ledger is there if the available balance is not enough. The Division Bench, including Justices Bhargav D. Karia and Niral R. Mehta, was hearing a case where the taxpayer argued that the blocking of Input Tax Credit […]
Summary of New GST Section 74A
It was carried by the West Bengal Authority For Advance Ruling (AAR) that the supply of baby carriers with hip seats cost less than Rs.1000 per piece would draw a Goods and Services Tax (GST) of 5% while these carriers cost more than Rs.1000 per piece shall draw GST at 12%. The Application for Advance […]
From the initial day of the subsequent financial year- Fiscal Year 2025-26 (FY26) – no new anti-profiteering case shall be registered. The anti-profiteering complaints will be heard by the Principal Bench of the GST Appellate Tribunal (GSTAT) instead of the Competition Commission of India (CCI). GST council suggested to the Central Board of Indirect Taxes […]
The Central Goods and Services Tax (CGST) Act has introduced a new section 128A, to decrease the tax loads and proposes relief for the assessees towards tax obligations made between July 1, 2017, and March 31, 2020. This amendment permits people with tax obligations to settle their debts without facing extra interest or penalties, as […]
The Delhi High Court quoting the order cancelling the applicant’s GST registration with the retrospective effect does not show any cause except directing to the SCN, quashing the mentioned order, and allowing the applicant to furnish a reply to the show cause notice. The Division Bench of Justice Vibhu Bakhru and Justice Sachin Datta noted […]
