GSTN advisory on Auto-population of e-invoice details

GSTN has issued an advisory on Auto-population of e-invoice details into GSTR1. For the month of March, 2021, the auto-population of e-invoices into GSTR-1 (of March, 2021) is still in progress and is likely to take s...

Advisory on filing of GSTR-1 for Jan-Mar 2021 under QRMP

The Central Board of Indirect Taxes and Customs (CBIC) has issued an Advisory on filing of GSTR-1 for Jan-Mar 2021 under QRMP Scheme. The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility...

CBIC waives Penalty for non-compliance to dynamic QR code

The CBIC has notified the waiver of penalty for non-compliance to QR code provisions if compiled by July 01, 2021 for default during the period December 1, 2020 to June 30, 2021 vide Notification No. 06/2020 dated 3...

GSTN issues advisory on opting-in for Composition Scheme

The GSTN has issued Advisory on Opting-in for Composition Scheme for Financial year 2021-22. How to opt-in for Composition Scheme: The eligible registered taxpayers, who want to opt-in for composition schem...

Taxpayers free to use ITC available in their credit ledger

The finance ministry has said it has not issued any orders to its officials to use "unauthorised communication means" to achieve GST revenue collection targets for the year. Unconfirmed reports have appear...

SC issues notice on plea to track GST paid by OIDAR providers

The Hon'ble SC has issued notice to the centre in the case of Pradeep Goyal vs Union of India seeking a mechanism to track GST paid by OIDAR service providers (Facebook, Google, Amazon, etc.). The petitioner,...

GST department conducts Investigation based on TCS Data

An inspection was conducted on a taxpayer registered in Jagadhri, Yamunanagar dealing in supply of Mobile Phones and other electronic items mainly through E-Commerce platforms such as Amazon, Flipkart etc. It was found t...

GST ITC to be availed on the basis of GSTR-2B : CBIC

The Central Board of Direct Taxes (CBIC) via its Twitter handle has clarified that Input Tax Credit (ITC) is required to be availed based on details available in FORM GSTR-2B, which is a static ITC statement ge...

FAQ on Amendment of GST Registration Details

1. Can amendments be made to the information submitted in the Registration Application? Once the applicant is registered under GST, the need for amendments in registration may arise due to several factors such as a ch...

GST e-Invoicing threshold limit reduced to Rs 50 Crores

The CBIC vide Notification No. 05/2021-Central Tax dated 08/03/2021 has notified the reduction in the applicability of e-invoicing threshold limit from Rs.100 Crores to Rs.50 Crores with effect from 1st April, 2021....