Tag: GST

GSTN has developed a functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council. This feature is now live on the GST portal. The functionality compares the liability declared in GSTR-1/IFF with the liability paid in GSTR-3B/3BQ for each return period. If the declared […]

Introduction: To address problem of fake registration and fake input tax credit action on a mission mode by Central and State tax authorities in the form of a Special All-India Drive against fake registrations. In this context, it is further felt that verification of applications for registration by the proper officers is one of the […]

To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2- Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login.There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. The various […]

The Hon’ble Tripura High Court in M/s. SR Constructions v. The Union of India and Ors. held that the assesses is entitled to take Input Tax Credit (“ITC”) on taxable work contract services availed for the supply of construction of an immovable property. SUMMARY OF CASE LAW RELEVANT PROVISION FOR THE CASE Section 17(5)(c) of the […]

In the case of J. L. Enterprises v. Assistant Commissioner, State Tax [W.P.A. No. 12132 of 2023 dated May 25, 2023], the Hon’ble Calcutta High Court delivered a significant judgment regarding the attachability of cash-credit facilities in Goods and Services Tax (GST) cases. The court held that cash-credit facilities are not considered as debts and, […]

The Central Board of Indirect Taxes and Customs (CBIC) has notified guidelines on the pre-import condition in the Advance Authorization Scheme (AAS) pursuant to a Supreme Court decision. The Supreme Court has upheld the requirement of the pre-import condition to claim IGST and GST compensation cess on imports made under the AAS. The Gujarat High […]

The e-Waybill Portal has introduced new features to enhance convenience for transporters and taxpayers. Transporters who no longer wish to be part of the e-waybill system can now de-register themselves, ensuring that their Transporter ID cannot be used in e-waybills. Additionally, taxpayers who have opted for common enrollment but want to cancel it can now […]

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 02/2023-GST, providing a Standard Operating Procedure (SOP) for the scrutiny of returns for the financial year 2019-20 onwards. This instruction modifies the previous SOP issued for the financial years 2017-18 and 2018-19. The Directorate General of Analytics and Risk Management will select […]

This article aims to shed light on the options available to GTAs, namely Reverse Charge and Forward Charge, along with the associated implications and requirements. Meaning of GTA: GTA means any person who provides service in relation to transport of goods by road and issues consignment note. If no consignment note is issued then those […]

Introduction: In today’s digital era, the use of technology has transformed the way taxpayers interact. The Goods and Services Tax (GST) system is providing a user-friendly seamless communication between taxpayers on GST portal. This article explores the communication features available on the GST portal, focusing on the ability to notify suppliers regarding pending invoices and […]