With effect from August 1, 2023, the GST Council has just announced a 5 crore e-Invoice limit. The Goods and Services Tax (GST) law created the e-Invoicing or electronic invoicing system, which gradually applies to some taxpayers registered under the GST statute. On May 10, 2023, the e-Invoice 5 crore notice 10/2023 was released, revising […]
CBIC clarifies how to deal with the difference in ITC availed in GSTR-3B as compared to that detailed in GSTR-2A Circular No. 183/15/2022-GST (For difference pertaining to FY 2017-18 & FY 2018-19) Circular No. 193/05/2023-GST (For difference pertaining to FY 2019-20 & FY 2020-21) Taxpayers are facing issues in reconciliation of ITC that is disclosed […]
Below is complete guide on the scheme Extension of time limit for Non-filers of GSTR 4 (Return to be filled by Composite Dealer) As per notification No. 02/2023 (Central Tax) dated 31.03.2023 where a registered person fails to furnish GSTR 4 for the quarters from July 2017 till March 2022 by the due date can […]
A summary of the decisions taken are presented below – “The site is for information purposes only and does not provide legal advice of any sort. Viewing this site, receipt of information contained on this site, or the transmission of information from or to this site does not constitute an attorney-client relationship. The information on […]
The GSTN vide Advisory dated July 07, 2023 has issued an Important Update on Geocoding Functionality Now Live for All States and Union Territories. GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of […]
M/s. Modicum Enterprise (OPC) Private Limited v. Deputy Commissioner of State Tax/Assistant Commissioner of State Tax [M.A.T No. 1828 of 2022 with I.A. No. CAN 1 of 2022 dated December 22, 2022] The Hon’ble Calcutta High Court has held that the assessee cannot be penalized by demanding a late fee under Section 47 of the […]