GST Updates

Reading Time: 2 minutes Recommendations made by 53rd GST council meeting held on 22nd June 2024 are as following;-   1. Waver of interest and penalty on demand notices issued under section 73 for FY 2017-18, 2018-19, 2019-20. Applicable in cases where tax is paid entirely by March 2025. 2. ⁠time limit to avail ITC u/s16(4) filed up to
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Reading Time: 2 minutes Blocking of GSTR-1, if GSTR-3B is not filed, If a registered taxpayer fails to file the return in GSTR-3B for preceding 2 months then he would not be allowed to provide the details of outward supplies of goods or services or both in GSTR-1. Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated
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