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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 […]
In August, there was a record-breaking number of 9.34 crore e-way bills generated, as per data from GSTN, the IT system for indirect taxes. This surpassed the previous high of 9.09 crore e-way bills in March of the same year. While GSTN hasn’t specified the exact reasons for this surge in GST e-way bill generation, […]
In the case of Koduvayur Constructions vs. the Assistant Commissioner-Works Contract, State GST Department Kerala, and the Deputy Commissioner of State (Arrear Recovery) – 2023 (8) TMI 834, the honourable Kerala High Court ruled out a decision. The Hon’ble court held that the petitioner, M/s. Koduvayur Constructions, a registered dealer under the Central Goods and […]
Nitin Gadkari, the Minister for Road Transport & Highways, has declined reports suggesting his intention to introduce an extra 10% GST on diesel vehicle purchases, through a post on the social media platform X (formerly known as Twitter). The necessity for clarification arises due to false media reports indicating an additional 10% GST increase on […]
The taxpayer/applicant has been permitted to upload ITC-01 to enable him to avail of Input Tax Credit for shifting from the Composite Scheme to the Normal Scheme, Allahabad High Court rendered. The petitioner was originally enrolled in the Composition Scheme for the fiscal year 2022-23. However, due to a rise in their turnover during that […]
The process to comply with regard to section 83(2) of the CGST Act, 2017 when provisional attachment of property ceases to have an effect, the Central Board of Indirect Taxes and Customs (CBIC) is notified. “Keeping in view the convenience of taxpayers, the Board prescribes the procedure that in such types of situations, the Commissioner […]
The GSTN recently issued a warning to GST Suvidha Providers (GSPs), cautioning them against engaging in unethical activities such as scraping data from the GST Common Portal. GST Suvidha Providers are third-party service providers authorized by GSTN to assist the assessee in navigating the complexity of the GST system in India. They play a crucial […]
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 […]
In a recent ruling, the Delhi High Court has ordered the Goods and Services Authorities (GST) to release the cash seized by the authority under Section 67(2) of the Central Goods and Services Tax (CGST) Act, 2017 considering it black money. The court said the move was illegal and also ordered to provide a potential […]
