Due to the technical errors persist in generation of the GSTR-2B, invoices are reflecting in GSTR-2A but not in GSTR-2B. While in some case invoices are reflecting in GSTR-2B but at the time of auto population of the same in table no. 4 of GSTR-3B the tab is getting red. In between the chaos of technical […]
Read moreThe Internet and Mobile Association of India (IAMAI) urged the GST Council to keep the GST on online gaming at 18 percent, saying that any increase would harm the industry’s overall health. Various stakeholders are currently discussing raising the GST rate for the online gaming industry to 28 percent. Given that casual games are a […]
Read moreAnother technical issue under GST portal. Although new technical issue is not a new thing for the professionals. Many are facing problem where GSTR-2B of April 22 showing only bills upto the March 2022. GSTN issued advisory on Incomplete GSTR-2B in some cases. Incomplete GSTR-2B in some cases 1. It has been noticed that in […]
Read moreOfficial Twitter handle of Commercial taxes Department, Government of Tamil Nadu tweets a press release stating, “Attention Taxpayers!! CTD identified 3.26 lakh taxpayers who have not paid a single rupee as GST and about 1.94 lakh taxpayers who have paid less than 1000 as GST for the year 2021-22. CTD has warned them to set […]
Read moreHow to report 6% in GSTR-1? GST rate on bricks increased from 5% to 12%. The government on March 31 notified the GST rates that would be applicable from April 1. Notification No. 01/2022 – Central Tax (Rate) dated 31st March 2022 issued which increased GST rate on following goods from 5% to 12% with effect from […]
Read moreBackground: Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while return in Form GSTR-4 is required to be filed on annual basis after end of a financial year. Reason of Negative Liability in GSTR-4: The liability of the complete year is required to be declared in […]
Read moreA total of 3,147 newly-registered taxpayers under the Tamil Nadu GST Act, 2017, were found to be non-existent at the declared business premises by Commercial Taxes Department officials. Of these, 1,972 registrations have been cancelled and further action is being taken for the remaining cases. This exercise is carried out every month, according to a policy note tabled […]
Read moreGSTR-1 enhancements & improvements : The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly GSTR-1 filers have also been provided with an optional Invoice Furnishing Facility (IFF) for reporting their outward supplies to registered persons (B2B supplies) in the first two […]
Read moreGovernment Clarification related to the misleading reports of purported feedback sought on raising GST Rate on 143 items. “It has been noted that a section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items.” Some reports have even […]
Read moreIndiaTech.org, ADIF, and Nasscom have urged the government to ease the burden of GST compliance on small online sellers. They claim that many micro, small, and medium-sized businesses (MSMEs) are hesitant to move to online marketplaces due to the burdensome tax and GST compliance requirements imposed by the Goods and Services Tax (GST) law. They […]
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