Month: February 2023

GSTN has onboarded four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. As a result, the beta launch of a new e-Invoice portal (www.einvoice.gst.gov.in), has been done where taxpayers can find comprehensive information on e-invoice compliance in a user-friendly format, such as check your enablement status, self-enable themselves for invoicing, search […]

The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated February 24, 2023 on the Geocoding of Address of Principal Place of Business. 1.GSTN is pleased to inform the taxpayers that the functionality for geocoding the principal place of business address (i.e. the process of converting an address or description of a location into geographic […]

In 47th GST council meeting under the Other miscellaneous changes one of change recommended was Goods transport agency (GTA) is being given option to pay GST at 5% or 12% under forward charge; option to be exercised at the beginning of Financial Year. RCM option to continue. If a GTA selects the option to pay GST on […]

Directorate General of GST Intelligence, Mumbai Zonal Unit detects GST fraud worth ₹824cr by insurance companies. During the course of investigations against sixteen insurance companies on the issue of availment of ineligible input tax credit, it has come to notice that these insurance companies have availed input tax credit on the basis of invoices issued […]

GSTN allowed Negative Values in Input Table of GSTR-3B from Jan 2023 The Government has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal and ineligible ITC in Table 4 of GSTR-3B. According to the changes, the net ITC is to be reported […]