The GSTN has issued an advisory on Payment of Tax by Fixed Sum Method under QRMP Scheme, which is as follows: W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly R...
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman tabled the Union Budget 2021-22 in Parliament which included several changes with respect to GST. It may be pertinent to note that the amend...
The gross GST revenue collected in the month of January 2021till 6PM on 31.01.2021 is Rs. 1,19,847 crore of which CGST is Rs. 21,923 crore, SGST is Rs. 29,014 crore, IGST is Rs. 60...
The Goods and Services Tax Network has issued an advisory on Auto-population of E-Invoice details into GSTR-1. From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoic...
Functionality for Aadhaar Authentication and e-KYC where Aadhaar is not available, has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (i...
An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. T...
National Informatics Centre (NIC) has announced the release of ‘NIC-GST einvoice Preparing and Printing’ (NIC-GePP Ver. 1.0). This is an excel based Tool to assist the tax payers, who are not having the ERP s...
The Offline Utility of GSTR-9C Reconciliation Statement for the Financial Year 2019-20 is now available on GST Portal. The excel based GSTR-9C offline utility is designed to help the taxpayer to prepare the GSTR-9C retur...
The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for GST Annual Return for F.Y. 2019-20 to 28.02.2021 from the previous due date of 31.12.2020. Notification No....
A facility of ‘Communication Between Taxpayers’ has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regar...
