New 3 years GST Returns Rule Enforces : GST Portal starts locking returns October 29, 2024by Pooja Gupta Rate this post The Goods and Services Tax Network (GSTN) has issued an important advisory regarding the Finance Act, 2023, introducing a three-year cut-off period for filing GST returns. Effective October 1, [...]

From November 2024, GST Biometric Aadhaar Authentication active in 18 States, 1 New States Added November 1, 2024by Pooja Gupta Rate this post Biometric Aadhaar authentication is now made compulsory by an amendment in the CGST Act and Rules for all new GST registrations across India. The government is notifying [...]

7 major changes from Nov 1: GST, Money transfer, credit cards, FDs, LPG prices November 1, 2024by Pooja Gupta Rate this post A number of financial changes will take place from tomorrow onwards (November 1, 2024) such as RBI’s new rule for domestic money transfers (DMT), credit card changes, and [...]

GST returns to become time-barred after 3 years from early 2025 November 5, 2024by Pooja Gupta Rate this post GST Network on Tuesday said beginning early next year, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. [...]

Major Update: 30-Day E-Invoice Reporting Rule Expanded to Cover AATO 10 Crores from April 2025 November 5, 2024by Pooja Gupta Rate this post The Goods and Services Tax Network (GSTN) has issued an important advisory on November 5th, 2024, regarding the reporting of e-Invoices on the Invoice Registration Portal (IRP). [...]

Updated Guidelines for Conduct of Personal Hearings Under GST, Customs, and Excise Laws November 6, 2024by Pooja Gupta Rate this post On November 5, 2024, the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs (CBIC), issued a new set of instructions regarding the conduct of [...]

New GST Form DRC-03A Introduced to Resolve Demand Payment Issues November 6, 2024by Pooja Gupta Rate this post The GST Network (GSTN) has issued an advisory to address discrepancies related to the payment of demanded amounts using Form GST DRC-03. It has been noted that several taxpayers have mistakenly paid [...]

Section 128A Amnesty Scheme: Steps to Claim Relief on Past Tax Demands November 9, 2024by Pooja Gupta Rate this post The GST Council, during its 53rd meeting on June 22, 2024, approved a waiver scheme to alleviate tax disputes and offer substantial relief to taxpayers. This scheme focuses on waiving [...]

Step-by-Step Guide to Using the New Invoice Management System (IMS) on the GST Portal November 13, 2024by Pooja Gupta Rate this post On November 12, 2024, the GST Network (GSTN) issued an advisory regarding the initial implementation phase of the Invoice Management System (IMS), a new functionality introduced on the [...]

GST Advisory on the New Supplier View in the Invoice Management System (IMS) November 13, 2024by Pooja Gupta Rate this post The Invoice Management System (IMS), introduced on the GST portal on October 14, 2024, allows recipient taxpayers to manage their invoices by accepting, rejecting, or keeping them pending. This [...]