Income Tax | GST | Accounting
Income Tax | GST | Accounting
GSTIN Advisory: The Goods and Service Tax Network (GSTN) has issued an advisory on the option for payment of tax under the forward charge mechanism by the goods transport agency (GTA). This GSTIN advisory was issued in compliance with Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022, an option is being provided on the […]
New Functionalities in GST: The Goods and Service Tax Network has issued a list of new functionalities made available for Taxpayers on the GST Portal (December 2022). The new functionalities include topics like drop proceedings, recompute interest, validation duplicate checks and others. Registration Form/Functionalities: Automation of Drop Proceedings for taxpayers suspended upon issuance of SCN […]
GST Portal services will be unavailable: GST Return due dates are approaching but as per the latest running notification on the GST Portal that “GST Portal Services will be unavailable until 15th November 2022. Important fling dates on GST portal GSTR-3B (Oct, 2022)(Turnover Exceeding 5 Cr or opted to file Monthly Return) Nov 20th, 2022 […]
GSTN Advisory on sequential filing of GSTR-1: Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal. The Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022 with effect from 01 October, 2022. According […]
Decisions of 47th GST Council Meeting: The 47th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here in Chandigarh today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Choudhary besides Finance Ministers of States & UTs and senior officers of […]
