Post by: Renu Suresh in GST GST in India
GST Quarterly Return Filing Option for Small Businessman The CBIC (Central Board of Indirect Taxes and Customs) introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under GST to assist small taxpayers with a turnover of less…
Post by: Renu Suresh in Income Tax
2 Recent Dangerous Changes In GST- Rule 88C And Rule 88D The recent changes to the Goods and Services Tax (GST) framework have introduced two critical and challenging amendments: Rule 88C and Rule 88D. These modifications address the inconsistencies in…
Post by: poonamgandhi in GST GST in India
Form DRC-01B – Online compliance covering liability/ difference in GSTR-1 and GSTR-3B Recently, on 29th June 2023, an advisory was furnished by GSTN. As per the advisory, new functionality was enabled on the GST portal. The new functionality lets the…
Post by: poonamgandhi in GST GST in India
Important changes notified from 1st October 2022 under GST Vide the following two important notifications, various changes are notified and made effective from 1st October 2022 – Notification number and date effective Effective changes 17/2022- Central Tax dated 1st August…
Post by: Renu Suresh in GST
New Table inserted in GSTR-3B for Reporting Supplies notified u/s 9(5) The Goods and Services Tax Network (GSTN) has issued an Advisory informing that a new table 3.1.1 is being added in GSTR-3B where both ECOs and registered persons can…
Post by: Renu Suresh in GST
CBIC issued Notifications to Implement Recommendations of the 47th GST Council meeting The Central Board of Indirect Taxes and Customs (CBIC) issued six new CGST notifications on 5th July 2022 giving effect to the recommendations of the 47th GST Council…
Post by: poonamgandhi in GST GST in India
New rule 88B concerning interest provisions under GST Applicability of interest has been under controversy since the inception of Goods and Services Tax (GST). There has been a constant tug of war going on between the department and the taxpayer…
Post by: poonamgandhi in GST GST in India Legal News
Scrutiny of GST returns and Parameters thereof as per SOP Recently, the Central Board of Indirect Taxes and Customs, vide instruction no. 02/2022-GST dated 22nd March 2022, has come up with the Standard Operating Procedure (SOP) to be followed for…
Post by: Renu Suresh in GST
Interest calculator in GSTR-3B To ease up the return filing process under GST, The Goods and Services Tax Network is planning to release interest calculator functionality in monthly tax payment form GSTR-3B to help taxpayers in calculating interest for delayed tax payment.…
Post by: Renu Suresh in GST
New GSTR-3B Return Due Dates – COVID 19 To provide relief to businesses grappling with the economic impact of COVID-19, Central Board of Indirect Taxes and Customs (CBIC) has changed GSTR-3B Return due dates in 2020. The dates have been…
