Raksha ParikhGovernment has issued GST Advisory on Filing Declaration In Annexure V by Goods Transport Agency (GTA) opting to pay tax under forward charge mechanism on 30-05-2023.The GTAs, who commence business or cross registration threshold on or after 1st April, 2023, and wish to opt for payment of tax under forward charge mechanism are required to … Read more
The goal of this article is to cover all recent GST case laws 2023. All latest high court judgement on gst and all latest supreme court judgments on gst issued in May 2023 have been covered in this article. All latest GST case laws of May 2023 in this article have been classified by name, … Read more
What is an e-commerce operator in GST? Here we discussed gst on electronic commerce operators in which Electronic commerce Operators (ECO) is displays products as well as services which are actually supplied by some other person to the consumer, on their electronic portal. The consumers buy such goods /services through these portals. On placing the … Read more
Government has issued GSTN Advisory 2023 which contains that it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover greater than or equal to 100 crores by three months. In this regard, the … Read more
During a meeting on Saturday, Finance Minister Nirmala Sitharaman instructed the Central Board of Indirect Taxes & Customs (CBIC) to commence GST scrutiny 2023 and implement an automated GST return inspection mechanism by the following week For the fiscal year 2022-23, the overall amount of Indirect Tax revenue collected was Rs 13.82 lakh crore, an … Read more
New GSTN advisory 2023 urge tax payers to file their returns on time. It has been observed that some taxpayers faced difficulty in filing GSTR-3B of March 23’ period on 20th April 2023’. On analysing the reasons, it was noted that large number of tax payers attempted to file GSTR-3B returns in the afternoon of … Read more
In order to make GST Scrutiny 2023 more systematic, on Saturday, Finance Minister Nirmala Sitharaman instructed the Central Board of Indirect Taxes and Customs (CBIC) to introduce an automated system for scrutinizing goods and services tax (GST) returns by the following week. she also directed them to develop a plan that utilizes technology to expand … Read more
The GST portal has issued GSTN Updates April 2023to verify document Reference Number (RFN). The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue of being generated by … Read more
GST Collection April 2023 is all time high & more than the next highest collection of Rs. 1,67,540 crore in April 2022 GST Collection April 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with … Read more
GST Fraudulent Invoicing 2023| The tax authorities are currently conducting an extensive investigation into claims made by insurance companies regarding input tax credit, and they are now turning their attention to a group of automobile dealers who are suspected of creating false invoices without providing any actual services. This particular act is considered a violation … Read more