Goods and Service Tax

Reading Time: 2 minutesdifference in ITC , according to Notification No. 38/2023 – Central Tax dated 4th August, 2023 , CGST Rule 88D provides the manner of dealing with difference in input tax credit available in autogenerated statement(GSTR-2B) containing the details of input tax credit and that availed in return (GSTR-3B). (1) Where the amount of input tax
Read More

Reading Time: 4 minutesGSTN has informed the taxpayers that the functionality for geocoding the principal place of business address (i.e. the process of converting an address or description of a location into geographic coordinates) is now available on the GST Portal. The above-said feature is introduced to ensure the accuracy of address details in Goods and Services Tax
Read More

Reading Time: 5 minutesCompounding of Offences under GST or Compendium on prosecution in GST, to understand the Compounding of Offences under GST read section 138 of the Central Goods and Service Tax Act, 2017 which deals with the provisions of compounding of offences under GST Act, along with rule 162 of the Central Goods and Service Tax Rules,
Read More

Reading Time: 13 minutesRefund of Unutilized Input Tax Credit (ITC), Accumulation of Input Tax Credit (ITC) happens when the tax paid on inputs is more than the output tax liability. Such accumulated ITC is allowed to be carried over to the subsequent tax periods till such time it can be utilized by the registered person for payment of
Read More

Reading Time: 2 minutesGST mail id and mobile no change, In the case of the Primary Authorized Signatory, has died or He/ She is not traceable, you just need to approach the relevant jurisdictional Tax Officer to get the password for the GSTIN allotted to your business. You can check your relevant jurisdiction in the Registration Certificate. Alternatively,
Read More

Reading Time: 3 minutesAmazon GST registration, If a seller wants to sell his/her product on one of the biggest e-commerce giants like Amazon, then GST registration is compulsory as you need to pay Goods and Service tax to the government. Dealers can sell to millions of customers, on Amazon which is one of the largest online stores, through
Read More

Reading Time: 2 minutesDistinct Person Under GST, if a taxable person/establishment is obtained or required to obtain more than one registration, whether in one state or union territory or more than one state or union territory shall, in respect of each such registration, be treated as Distinct Person for tax purposes under Section 25(2) of CGST Act 2017
Read More

Reading Time: < 1 minuteAutomated Drop Proceedings, Goods and Services Tax Network has issued an advisory for Initiating Drop Proceeding functionality for suspended GST Registrations due to non-filing of returns, functionality of Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is for the taxpayers who have filed their pending
Read More

Reading Time: 3 minutesNotice to return defaulter u/s 46 for not filing the GST return Notice to return defaulter u/s 46 for not filing return contains “Being a registered taxpayer, you are required to furnish return for the supplies made or received and to discharge resultant tax liability for the aforesaid tax period by the due date. It
Read More

Reading Time: 4 minutesRevocation of Cancellation of GST Registration, The registration granted under GST can be cancelled for specified reasons. The cancellation can either be initiated by the department at its own motion (Suo Moto Cancellation) or the registered person can apply for cancellation of their registration. In case of the death of the registered person, in case
Read More